B 2.1 Reading - 4SP2021 Appl Mc X VitalSource Bookshelf: Macroe( X B 2.4 Assignment: Study Plan Prc X G 2.4 Macroecon Course Hero X + C bookshelf. vitalsource.com/#/books/9780134789231/cfi/6/240!/4/2/10/2/2@0:96.3 Use the following graph to work Problems 6 to 8. D Initially, the short-run aggregate supply curve is SAS, and the aggregate demand curve is Q ADo LAS SAS, Price level 115 SAS 110 D 105 A C 100 B 95 AD1 ADO O 0.8 1.0 1.2B 2.1 Reading - 4SP2021 Appl Mc X VitalSource Bookshelf: Macroe( X B 2.4 Assignment: Study Plan Prc X G 2.4 Macroecon Course Hero X + C bookshelf.vitalsource.com/#/books/9780134789231/cfi/6/240!/4/2/10/8/2@0:39.5 GA 100 B Q 95 AD1 ADO O 0.8 1.0 1.2 Real GDP (trillions of 2009 dollars) 6. Some events change aggregate demand from ADo to AD1. Describe two events that could have created this change in aggregate demand. What is the equilibrium after aggregate demand changed? If potential GDP is $1 trillion, the economy is at what type of macroeconomic equilibrium? 7. Some events change aggregate supply from SASo to SAS1. Describe two events that could have created this change in aggregate supply. What is the equilibrium after aggregate supply changed? If potential GDP is $1 trillion, does the economy have an inflationary gap, a recessionary gap, or no output gap? 8. Some events change aggregate demand from ADo to AD, and aggregate supply from SASo to SAS1. What is the new macroeconomic equilibrium