Question: The following chart shows data on aggregate supply, aggregate demand, and the price level for the fictional country of Westobia. . On a complete labeled

The following chart shows data on aggregate supply, aggregate demand, and the price level for the fictional country of Westobia. . On a complete labeled AD/AS graph, plot the ADIAS diagram from the data. Identify the equilibrium, labeling it E. . Imagine that, as a result of a government tax cut, aggregate demand becomes higher by 50 at every price level. Plot the new AD on your graph, labeling the new equilibrium E2. . How will the new equilibrium alter output? . How will it alter the price level? . What do you think will happen to employment

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