Question: 4. Use the data to complete the table below. Graphing is not required, but it may be helpful. Price Level SRAS AD LRAS 98 100

4. Use the data to complete the table below. Graphing is not required, but it may be helpful. Price Level SRAS AD LRAS 98 100 900 600 100 200 750 600 102 300 600 600 105 450 450 600 108 500 300 600 Short Run Equilibrium Real GDP Short Run Equilibrium Price Level Is the economy at full employment? Long Run Equilibrium Real GDP Long Run Equilibrium Price Level Potential Real GDP Type of Output Gap Size of the Output Gap Is Unemployment Above, Below, or Equal to the Natural Rate

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