(Solved): 1. Aggregate demand, aggregate supply, and the Phillips curve In the year 2027, aggregate demand an ...

1. Aggregate demand, aggregate supply, and the Phillips curve In the year 2027, aggregate demand and aggregate supply in the imaginary country of Patagonia are represented by]the curves \( A D \) 202a and \( A \) : the following graph. The price level is currently 102. The graph also shows two potential outcomes for 2028. The first possible aggregate demar curve is given by the curve labeled \( A D_{A} \) curve, resulting in the outcome given by point \( A \). The second possible aggregate demand curve is give the curve labeled \( A D_{\mathrm{B}} \), resulting in the outcome given by point \( \mathrm{B} \).