As you answer each part, please show how you arrived at that answer and explain your answers in detail Refer to Table 1.

Graph the Aggregate Expenditure Function with the Real Aggregate Expenditure on the Vertical Axis and the Real Income/ Real GDP on the horizontal axis.

Refer to Table 1. Is the Aggregate Expenditure Function a straight line? Find its slope and interpret the slope. Show your calculations

Refer to Table 1. What is the equilibrium Real GDP demanded if the economy's price level is fixed at $110? Create the corresponding Real Aggregate Demand graph based on the information in Table 1, and explain how you arrived at your answer using the concepts from the income Expenditure mode. The AD graph should have the correct variables on the Y and axes. No other number are required for the Real AD graph except the real GDP demanded at the price level of $110.

Table 1 - Use the following data to answer the questions in Part 1. | Real Income /Real GDP ' Real Aggregate Expenditure . (S Billions) ' (S Billions)