Given the following information:

• The economy is in the long-run equilibrium.
• The Fundamental Equation of Monetarism is true.
• The income velocity of money is constant and the money supply is fixed:

• The production function is

• The endowment of resources is given by the input combination

1. Find the equation of the aggregate demand curve. [10 marks]
2. What is the equation of the long-run aggregate supply curve? [10 marks]
3. What is the equilibrium price level whenthe unemployment rate is at NAIRU? [10 marks]