how do I plot this graph ??Note:-Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.Answer completely and accurate answer.Rest assured, you will receive an upvote if the answer is accurate. OThe graph below shows an economy in long-run equilibrium. According to real-business-cycle theory, show what would happen if amajor technological innovation boosted the overall productivity in the economy significantly.a. Use the AD AS graph below to demonstrate the long-run equilibrium that would occur after this change.Instructions: Use the tools provided 'AD2' and 'ASLR2' to plot each curve to demonstrate the new long run equilibrium if GDPchanges by $10 billion. Plot only the endpoints of each line.Price level1301201101009080020JURI40AD6080100ToolsASUAD₂Þ

Aggregate demand:Aggregate Demand is when the total number of consumers have the desire to buy…

Answered: The graph below shows an economy in…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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how do I plot this graph ??

Note:-

Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.

Answer completely and accurate answer.

Rest assured, you will receive an upvote if the answer is accurate.

O
The graph below shows an economy in long-run equilibrium. According to real-business-cycle theory, show what would happen if a
major technological innovation boosted the overall productivity in the economy significantly.
a. Use the AD AS graph below to demonstrate the long-run equilibrium that would occur after this change.
Instructions: Use the tools provided 'AD2' and 'ASLR2' to plot each curve to demonstrate the new long run equilibrium if GDP
changes by $10 billion. Plot only the endpoints of each line.
Price level
130
120
110
100
90
80
0
20
JURI
40
AD
60
80
100
Tools
ASU
AD₂
Þ

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