Question: The following data is for Aggregate Demand, Aggregate Supply, and price level. Price Level Aggregate Demand 1 Aggregate Demand 2 Aggregate Supply 150 50 150

The following data is for Aggregate Demand, Aggregate Supply, and price level.

Price Level

Aggregate Demand 1

Aggregate Demand 2

Aggregate Supply

150

250

100

200

250

150

250

150

175

275

100

175

275

(a)Graph Aggregate Demand 1 and Aggregate Supply. Identify the equilibrium of price level and Real GDP.

(b) Would a price level of 150 be an equilibrium price in this case? why or why not? Explain briefly. [

(c) An Aggregate Demand shock happened to this economy resulted in data as shown in Aggregate Demand 2. Plot the new data on the same graph.What would be the equilibrium of price level and Real GDP?

(d) What might cause the kind of shift in aggregate demand from the initial position to the second position?

please do not send a picture of the answer , write it in the computer and send it

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