UESTION 5: 20 Total marks Qui The imaginary country of Top Island has the aggregate supply and aggregate dem s Table shows: Price Level Aggregate Demand (AD) Aggregate Supp 100 700 200 120 600 325 140 500 500 Call 160 400 570 180 300 620 Q5-a&b a) [5 marks] Would you expect unemployment in this economy to be relatively high or low? Explain. (Hint: AS curve is flat at son price levels) b) [5 marks] Would you expect concern about inflation in this economy to be relatively high or low? Explain. HEBiAXX26 hp