Consider an economy with the following aggregate demand (AD) and short-run aggregate supply (SRAS) schedules. Decision makers have previously made decisions anticipating that the price level during...

Consider an economy with the following aggregate demand (AD) and short-run aggregate supply (SRAS) schedules. Decision makers have previously made decisions anticipating that the price level during the current period will be P105. a. Indicate the quantity of GDP that will be produced during the period. b. Is it a long-run equilibrium level of GDP? Why or why not? c. How will the unemployment rate during the current period compare with the natural rate of unemployment? d. Will the current rate of GDP be sustainable into the future? Why or why not? AD105 Price Level SRAS105 6,300 90 4,500 6,000 95 4,800 5,700 100 5,100 5,400 105 5,400 5,100 110 5,700 4,800 115 6,000