Please solve this question:

Suppose research has uncovered the following aggregate demand and supply functions for an economy: AD: P = 170 - 0.1Y AS: P = 90 + 0.3Y a) Draw the AD and AS functions to illustrate the short-run equilibrium real GDP and price. - AD 270 240- 210 180- Price level 150- 120- 90 60- 30 400 800 1200 1600 2000 2400 Reset Real GDP equilibrium, that is, Y=Yp. b) What are the short-run equilibrium values for real GDP and the price level from the graph above? Let us also assume that this short run equilibrium is also the long run Real GDP = 0 Price level = 0Ulllllllllllllllllllll 400 500 1200 1600 2000 i Fteal GDP Ill 2400 b) What are the shortrun equilibrium values for real GDP and the price level from the graph above? Let us also assume that this short run equilibrium is also the long run equilibrium, that is, Y=Yp. Real GDP Price level c) Suppose a tall in demand for new houses reduced the investment component aggregate expenditure, and reduced AD at each price level by 300. Draw the new AD curve in the graph above. d) Complete the following paragraph. To conclude, the fall in AD due to reduced the investment component aggregate expenditure will create afan _ gap, which will muse unemployment to _ relative to the natural rate. If the government wants to close this gap. it should _ government spending and _ taxes. If the central bank wants to close this gap, it should _ interest rates. If neither the government nor the central bank responds to the gap, input costs sudi as wages will eventually _ and the _ will shift to the _ to close the gap. This process. however, may take a veryr long time to complete