The following table shows the aggregate demand and short-run and long-run aggregate supply schedules for Japan. Real GDP demanded Real GDP supplied in Real GDP supplied in Price level the short-run the long-run (trillions of 2005 yen) (trillions of 2005 yen) (trillions of 2005 yen) 75 600 400 600 85 550 450 600 95 500 500 600 105 450 550 600 115 400 600 600 125 350 650 600 135 300 700 6001. What is the short-run equilibrium real GDP and price level? 2. What is the long-run equilibrium or real GDP and price level? 3. Does Japan have an inflationary gap or recessionary gap? How much? 4. Explain how the economy will adjust to restore the long-run equilibrium