ch 10 problems

ch 10 problems - Question 1 1 Following is an aggregate...

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Question 1 1 out of 1 points 1. Following is an aggregate supply schedule. a. Plot this aggregate supply schedule on the graph. b. The following table has three aggregate demand schedules.

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(1) On the graph, plot the aggregate demand curve shown in columns 1 and 2; label this curve AD1. At this level of aggregate demand, the equilibrium real domestic output is \$ [a] and the equilibrium price level is [b] . (2) On the same graph, plot the aggregate demand curve shown in columns 1 and 3; label this curve AD2. The equilibrium real domestic output is \$ [c] and the equilibrium price level is [d] . (3) On the same graph, plot the aggregate demand curve shown in columns 1 and 4; label it AD3. The equilibrium real domestic output is \$ [e] and the equilibrium price level is [f] .

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2 0 out of 1 points 2 (Part 1). In the following list, what will most likely happen as a result of each event to (1) aggregate demand (AD); (2) aggregate supply (AS); (3) the equilibrium price level (P); and (4) equilibrium real domestic output (Q)? Assume that all other things remain constant when the event occurs and that the economy is operating in the intermediate range of the aggregate supply curve. Use the following symbols to indicate the expected effects: I = increase, D = decrease, S = remains the same, and U = uncertain/indeterminate. a. A decrease in labor productivity.
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ch 10 problems - Question 1 1 Following is an aggregate...

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