Question: The data below represents the price level, the aggregate demand, and the aggregate supply data for an economy. Use the data points to plot an

The data below represents the price level, the aggregate demand, and the aggregate supply data for an economy. Use the data points to plot an aggregate demand curve and aggregate supply curve for this economy. Each curve is labeled as AS (Aggregate Supply) or AD (Aggregate Demand) and each point is labeled as a, b, or c from the table headings. (Hint: Note that point a from the AD curve is already plotted with the correct coordinates. Plot the remaining points.) a b c Price Level 110 150 170 Aggregate Supply (AS) $400 $1200 $1580 Aggregate Demand (AD) $1600 $780 $380

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