We have the following information for an economy: Planned A ggregate Expenditure Output GDP Deflator 80 100 120 140 160 a. Plot the AD and AS curves in a carefully labelled diagram. b. What are the short-run equilibrium values of real GDP and the price level? Question 2. We learn that potential output is 600 for the economy in the Question 1. a. Add a line to your diagram for Question 1 to illustrate potential GDP. b. What is the size of any output gap you see in the diagram