The following table gives the aggregate demand and aggregate supply schedules in January 2016 for a particular country. (Ignore the AD2 and AS2 columns until question (d) below and AD3 until question (h).) Price level Aggregate demand (£ billions) AD2 AD3 Aggregate supply (£ billions) AS2 95 1000 950 100 970 970 105 950 1000 110 930 1030 115 915 1060 120 900 1100 a) Draw the aggregate demand and aggregate supply curves, labelling them AD1 and AS1. b) What is the equilibrium level of national income? c) What is the equilibrium price level?

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