1 (50 Points): Chile is Hot! Indicator Current (2022) Previous Year (2021) GDP 317 B (US$) 253B (US$) Unemployment 8% 8.2% Labour Force Participation Rate 60.6% 60.3% NRU 9.3% N/A Inflation 9.1% 8.6% GDP Deflator 128 126 Interest Rate (nominal) 11.25% 11.25% Business Confidence 42.14 37.87 Consumer Confidence 24.5 23.1 A. (20 points) Using the data in the table above, illustrate the current state of the Chilean economy using ONLY an AD/AS model (assume prices are completely sticky in the SR - i.e., a flat SRAS curve). Explain the choice(s) you made here, graph on next page. Label all curves with the subscript "A". B. (30 points) Assuming that the central bank and government take no policy actions and there are no exogenous shocks, illustrate and explain what happens in the LR. Make changes to your graph in Part A and label any change(s) with the subscript "B