If in 2016 GDP was $18 trillion and the CPI was 240.

If in 2016 GDP was $18 trillion and the CPI was 240.

Suppose that in 2017 the US has continued the previous trend of economic growth such that unemployment is approximately 3%, inflation is approximately 5%, and the current output and output price level are $19.5 trillion and 260 respectively.

How would you describe this circumstance?

Depict this outcome in the AS-AD model