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The following table shows the real output demanded and supplied at various price levels in a hypothetical economy. Real Output Demanded Price Level Real Output Supplied ( Billions of dollars) (Index number) (Billions of dollars) 20 160 170 40 120 160 60 80 140 LOO 40 100 160 20 40 On the following graph, use the blue points (circle symbol) to plot the aggregate demand (Initial AD) curve for the economy. Then use the orange points (square symbol) to plot the aggregate supply (AS) curve for the economy. Note: Line segments will automatically connect the points. 200 O 160 Initial AD PRICE LEVEL (Billions of dollars) 20 AS BO New AD 40 0 40 80 120 160 200 REAL GDP (Index numbers) The equilibrium price level is ,and the equilibrium level of real output is Suppose that the government spending increases by $8 billion and the expenditure multiplier in this economy is 5. On the previous graph, use the purple points (diamond symbol) to illustrate the effect of the increase in government spending on the aggregate demand (New AD) curve. The change in government spending the equilibrium level of real output by . The price level increase the multiplier effect