Answer the following questions using the given table-A) Would you expect unemployment in this economy to be relatively high or low? Explain. (Hint: AS curve is flat at some price levels)B) Would you expect concern about inflation in this economy to be relatively high or low? Explain.C) imagine that consumers begin to lose confidence about the state of the economy, and so AD becomes lower by 275 at every price level. Identify the new aggregate equilibrium.D) How will the shift in AD affect the original output, price level, and employment

QUESTION 4 The imaginary country of Top Island has the aggregate supply and aggregate demand curves as Table shows: Price Level Aggregate Demand (AD) Aggregate Supply (AS) 100 700 200 120 600 325 140 500 500 160 400 570 180 300 620