Question: Graph the following aggregate supply and demand curves (be sure to draw to scale). 1. What is the equilibrium price level? 2. What is the

Graph the following aggregate supply and demand curves (be sure to draw to scale).

1. What is the equilibrium price level?
2. What is the equilibrium output?
3. If the quantity of output demanded at every price level increases by $2 trillion, what happens to equilibrium output and prices? Graph your answer.

Real GDP (In $ Trillons) Price Level Supplied Demanded 100 4 16 110 10 15 140 14 12 200 15

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