Answer the following questions on the basis of the three sets of data for the country of North Vaudeville:

a. Which set of data illustrates aggregate supply in the immediate short-run in North Vaudeville? The data in B v Which set of data illustrates aggregate supply in the short-run in North Vaudeville? The data in A v Which set of data illustrates aggregate supply in the long-run in North Vaudeville? The data in c v b. Assuming no change in hours of work. if real output per hour of work increases by 15 percent, what will he the new levels of real GDP in the right column of B? Instructions: Round your answers to two decimal places. Price level 110: Newr output = Price level 100: New output = Price level 95: New output = Price level 90: New output = increase decrease Does the new data reect an increase in aggregate supply or does it indicate a decrease in aggregate supplj J [Click to select]