Suppose that the macroeconomy is depicted by the table below. Price level 80 100 120 160 Aggregate demand ($ trillions)

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Suppose That The Macroeconomy Is Depicted By The Table Below Price Level 80 100 120 160 Aggregate Demand Trillions 1 (48.04 KiB) Viewed 22 times

Suppose that the macroeconomy is depicted by the table below. Price level 80 100 120 160 Aggregate demand ($ trillions) 15 13 11 7 Short-run aggregate supply ($ trillions) 3 9 11 13 Long-run aggregate supply ($ trillions) 11 11 11 11 1.) Using the multipoint curve drawing tool, draw the aggreate demand curve and label it 'AD'. 2.) Using the multipoint curve drawing tool, draw the long-run aggregate supply and label it 'LRAS'. 3.) Using the 4-point curved line drawing tool, draw the short-run aggregate supply curve and label this curve 'SRAS'. 4.) Using the point drawing tool, indicate the equilibrium price level and the quilibrium level of real GDP and label it 'E'. Carefully follow the instructions above, and only draw the required objects. (*** Price level 180 160- 140- 120- 100- 80- 60- 40- 0 6 8 10 12 14 16 18 20 Real GDP ($ trillions) After plotting the final point of your multipoint curve, press the Esc key on your keyboard to end the line. 2 Q Q 4