Question: Construct the AS and AD model, using AD, SRAS, and LRAS, where the economy has a SR equilibrium, where Actual Unemployment = U = 3%,

Construct the AS and AD model, using AD, SRAS, and LRAS, where the economy has a SR equilibrium, where Actual Unemployment = U = 3%, and with a Price Level = 105. (Assume the Natural Rate of Unemployment =5%)

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