Sorry about the mess, these are apart of one assignment that I am working on and confused about. Please answer the question in 4 parts. The graph in the first part is used for the matching and the second graph is used for the next two parts. The last matching does not have to do with any of the graphs. Thank you.

Problem 1 The following table captures the aggregate demand and supply in the economy. Notice that over this portion of the curve, aggregate supply is upward sloping and increases at a decreasing rate with the price level (like in section 2 of the following figure). 140 Price level 135 3 130 125 120 2 115 1 110 105 100 0 5 10 15 20 25 30 Real GDP (trillions of $) The economy is currently in equilibrium with a price level of 100. A new policy sees government spending cut by $1 trillion. What is the effect of this cut on the economy? Price Level 90 Aggregate Demand (trillions of dollars) 22 Aggregate Supply (trillions of dollars) 15 95 21 18 100 20 20 19 105 110 21 21.5 18 140 Price level 135 3 130 125 120 2 115 1 110 105 100 0 5 10 15 20 25 30 Real GDP (trillions of $) The economy is currently in equilibrium with a price level of 100. A new policy sees government spending cut by $1 trillion. What is the effect of this cut on the economy? Price Level Aggregate Demand (trillions of dollars) 22 Aggregate Supply (trillions of dollars) 15 90 95 21 18 100 20 20 105 19 21 110 18 21.5 Problem 1.3 Homework. Answered If the spending multiplier for government spending is 3, what is the new level of aggregate demand in the economy at each price level? Drag and drop options on the right-hand side and submit. For keyboard navigation... SHOW MORE Price level-90 INI Aggregate demand - 18 Price level -95 III Aggregate demand-19 Price level - 100 III Aggregate demand - 20 Price level - 105 Aggregate demand - 21 Price level - 110 Aggregate demand - 22 III Aggregate demand - 16 Aggregate demand - 23 III Aggregate demand - 17 Aggregate demand - 15 Problem Set: Module 9 Homework. Due on January 14, 2021 6/9 answered Graph the new aggregate demand and aggregate supply schedules after the full effect of the spending cut is felt. AD Price Level 110 AS 105 100 95 90 89 Real GDP (trillions of $) Problem 1.5 Homework. Unanswered o Once the economy reaches its new equilibrium, what is the new price level? Type your numeric answer and submit Unanswered 3 attempts left Submit Problem 1.6 Homework - Unanswered Once the economy reaches its new equilibrium, what is the new aggregate quantity demanded and supplied? Express your answer in trillions of dollars. Type your numeric answer and submit Recap Recap Homework - Answered Consumers are optimistic and plan on spending more. Put the following statements in order to describe what would happen in the economy as a result. Drag and drop options into correct order and submit. For keyboard navigation... SHOW MORE Increasing production to meet demand results in increased marginal costs. This will lead some firms to increase their prices Quantities demanded increase at every price level. III Demand increases. This results in a shift of the demand curve to the right. III There is a higher output demanded. = The unemployment rate decreases. III The overall price level in the economy increases. Your answer Answered - Incorrect 2 attempts left Resubmit Problem 1 The following table captures the aggregate demand and supply in the economy. Notice that over this portion of the curve, aggregate supply is upward sloping and increases at a decreasing rate with the price level (like in section 2 of the following figure). 140 Price level 135 3 130 125 120 2 115 1 110 105 100 0 5 10 15 20 25 30 Real GDP (trillions of $) The economy is currently in equilibrium with a price level of 100. A new policy sees government spending cut by $1 trillion. What is the effect of this cut on the economy? Price Level 90 Aggregate Demand (trillions of dollars) 22 Aggregate Supply (trillions of dollars) 15 95 21 18 100 20 20 19 105 110 21 21.5 18 140 Price level 135 3 130 125 120 2 115 1 110 105 100 0 5 10 15 20 25 30 Real GDP (trillions of $) The economy is currently in equilibrium with a price level of 100. A new policy sees government spending cut by $1 trillion. What is the effect of this cut on the economy? Price Level Aggregate Demand (trillions of dollars) 22 Aggregate Supply (trillions of dollars) 15 90 95 21 18 100 20 20 105 19 21 110 18 21.5 Problem 1.3 Homework. Answered If the spending multiplier for government spending is 3, what is the new level of aggregate demand in the economy at each price level? Drag and drop options on the right-hand side and submit. For keyboard navigation... SHOW MORE Price level-90 INI Aggregate demand - 18 Price level -95 III Aggregate demand-19 Price level - 100 III Aggregate demand - 20 Price level - 105 Aggregate demand - 21 Price level - 110 Aggregate demand - 22 III Aggregate demand - 16 Aggregate demand - 23 III Aggregate demand - 17 Aggregate demand - 15 Problem Set: Module 9 Homework. Due on January 14, 2021 6/9 answered Graph the new aggregate demand and aggregate supply schedules after the full effect of the spending cut is felt. AD Price Level 110 AS 105 100 95 90 89 Real GDP (trillions of $) Problem 1.5 Homework. Unanswered o Once the economy reaches its new equilibrium, what is the new price level? Type your numeric answer and submit Unanswered 3 attempts left Submit Problem 1.6 Homework - Unanswered Once the economy reaches its new equilibrium, what is the new aggregate quantity demanded and supplied? Express your answer in trillions of dollars. Type your numeric answer and submit Recap Recap Homework - Answered Consumers are optimistic and plan on spending more. Put the following statements in order to describe what would happen in the economy as a result. Drag and drop options into correct order and submit. For keyboard navigation... SHOW MORE Increasing production to meet demand results in increased marginal costs. This will lead some firms to increase their prices Quantities demanded increase at every price level. III Demand increases. This results in a shift of the demand curve to the right. III There is a higher output demanded. = The unemployment rate decreases. III The overall price level in the economy increases. Your answer Answered - Incorrect 2 attempts left Resubmit