(Answered) Suppose that the aggregate demand and aggregate supply

Economics

Suppose that the aggregate demand and aggregate supply schedules for a hypothetical economy are as shown in the following table.

a. Use the data above to graph the aggregate demand and aggregate supply curves. What are the equilibrium price level and the equilibrium level of real output in this hypothetical economy? Is the equilibrium real output also necessarily the full-employment real output?

Amount of Real GDP, Demanded Billions	Price Level (Price Index)	Amount of Real GDP, Supplied Billions
$100	300	$450
200	250	400
300	200	300
400	150	200
500	100	100

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