Problem
1. In the diagram, sketch an aggregate demand curve for the year 2000 when real GDP was $9.8 trillion.
2. In the diagram, the aggregate demand curve is for the year 2002. Sketch an aggregate supply curve that shows the economy at an equilibrium real GDP of $10.1 trillion. Identify the price level.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.