Pleaseanalyze the data provided, draw an AD/AS diagram, and think on the state of the economy. Goals Figure and How to interpret the aggregate supply/demand model Find the aggregate demand/aggregate supply model's equilibrium point. The aggregate demand/aggregate supply model can be used to illustrate periods of economic expansion and contraction. Determine the equilibrium by plotting the AD/AS curves. You can graph each point on the AD and AS curves, or you can draw a crude sketch illustrating the EQ point by hand or digitally. Use the information from Table 2 to more quickly and simply generate your diagram if you are using spreadsheet software. (Quantity will be plotted on the x-axis, price level on the y-axis, and demand and supply will still be moving in opposite directions. Label the axes and curves, please! Would you anticipate relatively high or low unemployment in this economy? Describe your thinking. Would you anticipate that costs would be a significant or minor concern for this economy? Describe your thinking. A negative supply shock, such as a break in supply chains throughout the economy, will result in a fall in overall supply. What will be the new equilibrium price and quantity if AS moves 100 units to the left at each price level?Subtract 100 from Table 1's AS column numbers. AD and AS share how much? The new equilibrium quantity's price? How will AS change affect output, price, and employment? Did these figures change?

The following tables describe the economy in the country Reggsport. Provide your answers to parts A-E below. Table 1: Price Level: AD/AS Price Level 80 90 100 110 120 Table 2: Table 1 Data Reorganized for Spreadsheet Use -- do NOT fill in blank spaces. Quantity Demand Price Supply Price 1,100 80 1050 90 1000 100 950 110 900 120 1100 120 1050 110 1000 100 780 90 450 80