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Suppose that the macroeconomy is depicted by the table below. 180- Short-run Long-run Aggregate aggregate aggregate 160- Price demand supply supply level ($ trillions) ($
Suppose that the macroeconomy is depicted by the table below. 180- Short-run Long-run Aggregate aggregate aggregate 160- Price demand supply supply level ($ trillions) ($ trillions) ($ trillions) 140- 80 15 3 11 100 13 9 11 120 11 11 11 120 160 13 11 Price level 100- 1.) Using the multipoint curve drawing tool, draw the aggreate demand curve and label it 'AD' .. . 80- 2.) Using the multipoint curve drawing tool, draw the long-run aggregate supply and label it 'LRAS' 60 3.) Using the 4-point curved line drawing tool, draw the short-run aggregate supply curve and label this curve 40- 'SRAS' 6 8 10 12 14 16 Real GDP ($ trillions) 4.) Using the point drawing tool, indicate the equilibrium price level and the quilibrium level of real After plotting the final point of your multipoint GDP and label it 'E'. curve, press the Esc key on your keyboard to end the line. Carefully follow the instructions above, and only draw the required objects
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