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5. The aggregate demand and supply for Cancum are shown in the table below. Potential GDP (LAS) is $700 billion. Price Index Aggregate Quantity Demanded Aggregate Quantity Supplied 105 800 50 110 700 200 115 600 350 20 500 500 125 400 30 300 700 135 200 800 140 00 350 a. If the economy is in equilibrium, it experiencing a (n) (Click to select) gap of $. b. Suppose government uses countercyclical fiscal policy to close the gap. In order to achieve full employment AD would have to | (Click to select) by $ c. As a result of this change, the inflation rate would be %. Round your answer to 2 decimal places