![A. Using the AD-AS framework, graphically illustrate and explain what happens to the equilibrium price level and the equilibrium level of real GDP in response to an increase in consumer expectations. B. A. Using the AD-AS framework, graphically illustrate and explain what happens to the equilibrium price level and the equilibrium level of real GDP in response to an increase in consumer expectations. B.](https://homework.study.com/cimages/multimages/16/111112980109905665317330.png)
A. Using the AD-AS framework, graphically illustrate and explain what happens to the equilibrium price level and the equilibrium level of real GDP in response to an increase in consumer expectations. B.
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