Assume that the following graph depicts aggregate supply and demand conditions in an economy. Full employment occurs when $2.5 trillion of real output is produced. The economy is currently in equilibrium at point A. 260 240 AS, 220 200 Price Level(average price) 180 160 140 120 AD 100 0 1 2 3 4 5 6 7 8 Real Output(in trillions of dollars per year) Instructions: In parts a and b, enter your responses rounded to one decimal place. In part c, round your answer to the nearest whole number a. What is the equilibrium rate of output? trillion per year b. How much in excess of full employment is the equilibrum rate of output? trillion c. If aggregate demand shifted enough for the economy to reach full-employment equilibrium, what is the price level at this full- employment equilibrium