Question 2: This question involves algebraically solving the system of two equations given by the AD and AS curves. The equations for the curves are given by: AD:YAD=71030P+5GAS:YAS=10+5P2Poil Where Y is real GDP, P is the price level, G is the level of government purchases, and Poil is the world price of oil a. Explain why the coefficient of P on the AD equation is negative, and the coefficient of G is positive (3 pts) b. Explain why the coefficient of P on the AS curve is positive, and coefficient of Poil is negative. (3 pts) c. Solve for the equilibrium value of real GDP and the price level as a function of G and Poil. ( 3 pts) d. If G increases by one unit, how will the equilibrium Y and P change? If Poil increases by one unit, how will the equilibrium Y and P change? (3 pts) Question 2: This question involves algebraically solving the system of two equations given by the AD and AS curves. The equations for the curves are given by: AD:YAD=71030P+5GAS:YAS=10+5P2Poil Where Y is real GDP, P is the price level, G is the level of government purchases, and Poil is the world price of oil a. Explain why the coefficient of P on the AD equation is negative, and the coefficient of G is positive (3 pts) b. Explain why the coefficient of P on the AS curve is positive, and coefficient of Poil is negative. (3 pts) c. Solve for the equilibrium value of real GDP and the price level as a function of G and Poil. ( 3 pts) d. If G increases by one unit, how will the equilibrium Y and P change? If Poil increases by one unit, how will the equilibrium Y and P change? (3 pts)