2 Study Problem 5-2 (algo) 10 points Assume that the potential GDP of the economy of Arion is $1,120, and that the aggregate demand and aggregate supply are as shown in the following table. Aggregate Quantity Aggregate Quantity Demanded 1 Aggregate Quantity Demanded 2 Price Index eBook Supplied $1, 200 96 $1, 040 1, 180 97 1, 060 1, 160 98 1, 080 1, 140 99 1, 100 1, 120 100 1, 120 1, 100 101 1, 140 1, 080 102 1, 160 1, 060 103 1, 180 1, 040 104 1,200 1, 020 105 1,220 a. The value of equilibrium real GDP is ] and the price level is There is ( (Click to select) * ) gap. The gap is equal to $ b. If firms become more optimistic and aggregate demand increases by $40, complete the aggregate demand 2 column in the table above. c. The new value of equilibrium real GDP is and the price level is now d. There is (Click to select) : :gap. The gap is equal to $