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Indicator Current (2022) Previous Year (2021) GDP 317 B (US$) 253B (US$) Unemployment 8% 8.2% Labour Force Participation Rate 60.6% 60.3% NRU 9.3% N/A Inflation

Indicator Current (2022) Previous Year (2021) GDP 317 B (US$) 253B (US$) Unemployment 8% 8.2% Labour Force Participation Rate 60.6% 60.3% NRU 9.3% N/A Inflation 9.1% 8.6% GDP Deflator 128 126 Interest Rate (nominal) 11.25% 11.25% Business Confidence 42.14 37.87 Consumer Confidence 24.5 23.1 A. (20 points) Using the data in the table above, illustrate the current state of the Chilean economy using ONLY an AD/AS model (assume prices are completely sticky in the SR - i.e., a flat SRAS curve). Explain the choice(s) you made here, graph on next page. Label all curves with the subscript "A

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