Suppose the economy is originally at an equilibrium output at the potential output level. Now suppose the central bank increases money supply by 15%, while the potential output increases by 4% over...

Suppose the economy is originally at an equilibrium output at the potential output level. Now suppose the central bank increases money supply by 15%, while the potential output increases by 4% over the period the long run can be achieved. Using the AD-AS framework and quantity theory of money, explain how the real output level and the price level will change in the short run and in the long run.