To save space, the same instructions from previous assignment apply here. Please refer to the previous assignments for submission instruction.

Provide explanation and mathematical work; otherwise, the answer will receive zero points.

(Total 20 points) Ch.11 Aggregate Supply and Aggregate Demand Model

1. Plot an AD-AS Graph. This problem is adapted from Ch.11Problem 61 Table 11.4 Santher's Economy.

Table 11.4describes Santher's economy.

Price Level AD AS 50 1,000 250 60 950 580 70 900 750 80 850 850 90 800 900