Suppose that the economy of Witland in the gure below is at fullemployment equilibrium and the present nominal wage rate is $21 per hour. Round your answers to two decimal places. CD The economy of 1l'il'itland E 130 AilTools .Lel ./ / 120 AD2 A32 3 E a, 1m .9 E 100 9'3 e {3' a- The real wage rate {in base year prices] is $ |:| _ b. Suppose that aggregate demand increases by $401]. Draw the new AD curve in the graph above- Plot onlyr the endpoints ofthe curve. c. At the new equilibrium real GDP level, the value ofthe real wage rate will be '36 |:| _ d. As a result of the change in prices in b], suppose that nominal wage increases, causing aggregate supplvto change by $4DD. Draw the new AS curve in the graph above. Plot onlyr the endpoints of the curve. e. At the new equilibrium, the new real wage rate will be $ E. f. At the new equilibrium in e], the value of the nominal wage rate will be 55 :l