(Solved): help 3. The table below shows information on aggregate supply, aggregate demand and the price level ...

3. The table below shows information on aggregate supply, aggregate demand and the price level for the imaginary country of Harris. (20 Points) 1. Plot the \( A D / A S \) diagram from the data shown. Identify the equilibrium. 2. Imagine that as a result of a government tax cut, aggregate demand becomes higher by 50 at every price level. Sketch a new graph and identify the new equilibrium. 3. Address the following: 4. How will the new equilibrium alter output? 5. How will it alter the price level? 6. What do you think will happen to employment?