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help w these graphs 0 References The following table shows the levels of real GDP supplied for the country of Utopia at various price levels.
help w these graphs
0 References The following table shows the levels of real GDP supplied for the country of Utopia at various price levels. Utopia's Output at Various Price Levels Aggregate Quantity of Real GDP Supplied Price Level (billions of dollars) $160 144 | 0 o8 00000 | | 00 0es 00| 0 s 0000 | 2se 00| @00 e 000 a. Graph the aggregate supply curve. Instructions: Use the tool provided "AS" to plot the aggregate supply curve point by point (6 points total). Aggregate Supply in Utopia 120 Tools 100 AS 80 60 Price Level 40 20 20 40 60 B0 7100 120 140 160 180 Real GDP (billions of dollars) As a result of government health insurance laws, there is an increase in government expenditures. Using the graph below, show the change in aggregate demand. 2 Instructions: Use the tool provided "AD1" to plot the new aggregate demand curve. Plot only the endpoints of the line (2 points total). points Aggregate Demand eBook Tools 0 s References AD, g 3 8 & AD Real GDP 4 points eBook D References The graph shows the current long-run aggregate supply at the full-employment level of output and the short-run aggregate supply curve for the United States. Use the graph provided to draw an aggregate demand curve such that the short-run equilibrium point shows the U.S. economy in a short-run equilibrium with output at the full-employment level of output. Instructions: Use the tool provided "AD" to plot the aggregate demand curve. Plot only the endpoints of the line (2 peints total). Then use the tool provided "Equilibrium\" to indicate the equilibrium for the short run and the long run (plot 1 point). AD and AS in the United States Tools LRAS o % AS Equilibrium AD T 5 8 & v . Real GDPStep by Step Solution
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