Macroeconomics 11th Edition by Michael Parkin

Exercise 12

Explaining Macroeconomic Trends and Fluctuations
Use the following information to work Problem.
In Japan, potential GDP is 600 trillion yen and the table shows the aggregate demand and short-run aggregate supply schedules.
a. Draw a graph of the aggregate demand curve and the short-run aggregate supply curve.
b. What is the short-run equilibrium real GDP and price level