Suppose that the aggregate demand and aggregate supply schedules for a hypothetical economy are as shown in the following table. a. Use the data above to graph the aggregate demand and aggregate supply curves. Instructions: (1) Use the tools provided AD' and 'AS' to draw the aggregate demand and aggregate supply curves (plot 5 points total for each curve). To eam full credit for this graph. you must plot all required points for each curve. (2) Use the tool provided 'Eq' to indicate the equilibrium price level and the equilibrium level of real output. Instructions: Enter your answers as a whole number. a. What are the equilibrium price level and the equilibrium level of real output in this hypothetical economy? Equilibrium price level = Equilibrium level of real output =$ billion Is the equilibrium real output also necessarily the full-employment real output? b. If the price level in this economy is 150 , will quantity demanded equal, exceed, or fall short of quantity supplied? By what amount? $ billion If the price level is 250 , will quantity demanded equal, exceed, or fall short of quantity supplied? By what amount? c. Suppose that buyers desire to purchase $200 bilion of extra real output at each price level. What are the new billion equilibrium price level and level of real output? C. Suppose that buyers desire to purchase $200 billion of extra real output at each price level. What are the new equilibrium price level and level of real output? Equilibrium price level = Equilibrium level of real output =$ bilion