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Just need coordinate points and bottom #s 5 The table below shows aggregate demand and aggregate supply schedules in a hypothetical economy, Acadia. 34 Aggregate

Just need coordinate points and bottom #s

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5 The table below shows aggregate demand and aggregate supply schedules in a hypothetical economy, Acadia. 34 Aggregate Demand and Aggregate Supply Schedules for Acadia points Real GDP (ADO) (AD1) (ASO) (AS1) Price Level (2012 = 100) (2012 $ billions) 130 180 230 260 310 120 200 250 250 300 110 220 270 220 270 100 240 290 190 240 90 260 310 150 200 a. Draw a graph showing Acadia's ADO. AD1. ASo and AS1. Using the tools given below plot only the endpoints of the demand curves ADo and AD1. Plot all 5 points for each supply curve, ASo and AS1. Your Graph Score: 0% Aggregate Demand and Supply for a hypothetical economy, Acadia 140 130 10 ADO AD1 120 110 ASO AS1 Price Level (GDP deflator 2012 = 100) 100 90 BO 100 150 200 250 300 350 Real GDP (2012 $ billion) b. Initially ADo and ASo are the relevant schedules. The equilibrium price level is and equilibrium real output is $ billion. If the price level is 130 then real output is $ _billion, real expenditures are $ billion, and there is an unintended increase in inventories. This pushes the price level down If the price level is 100 then real output is $ billion, real expenditures are $ billion, and there is an unintended decrease in inventories. This pushes the price level up c. Now aggregate demand shifts from ADo to AD, while aggregate supply remains at ASO Aggregate demand has undergone a(n) |increase | , As a result the equilibrium price level |increases and has a value of while equilibrium real output |increases @ and has a value of $ billion. d. Now aggregate supply shifts from ASo to AS1, while aggregate demand remains at ADO. Aggregate supply has undergone a long-run increase | . As a result the equilibrium price level |decreases and has a value of while equilibrium real output |Increases @ and has a value of $ billion

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