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Consider the data in the table below. (All real output numbers are in billions S): Agg. Demand @ Full Price Index Aga. Supply (AS) Employment
Consider the data in the table below. (All real output numbers are in billions S): Agg. Demand @ Full Price Index Aga. Supply (AS) Employment (ADE) Aggregate Demand 1 (AD1) 1.3 12.0 1.1 11.5 0.0 0.9 1.1.0 3.0 0.0 0.5 9.0 9.0 4.0 0.4 8.0 10.5 5.0 0.3 6.0 12.0 6.0 0.2 2.0 13.5 7.0 Using the information provided in the table, sketch both aggregate demand curves and the aggregate supply curve in the space provided below. Make sure you clearly label your curves and axes. 1.2 1.1 10 2 10 13 12 13 14
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