Use the following graph to answer the next question. Price Level P2 AS AD 2 Y₁ Y2 Real GDP AD₁ Y3 If aggregate demand curve shifts from AD2 to AD1, the effect on real GDP wilt be a decrease from Multiple Choice Y3 to Y4. Y3 to Y1. Y2 to Y1. O Y2 to Y4. @ 29 N #3 $ < Prev 9 of 18 Next >> MacBook Pro % &
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- What are the factors other than price that can shift aggregate demand curve interms of investment and consumption? Also explain graphically.10. Great Depression In 1939, with the U.S. economy not yet fully recovered from the Great Depression, President Roosevelt proclaimed that Thanksgiving would fall a week earlier than usual so that the shopping period before Christmas would be longer. Graph A Graph B LRAS Aggregate Supply Aggregate Demand Price Level LRAS Quantity of Output Price Level Aggregate Supply Aggregate Demand Quantity of OutputSub : EconomicsPls answer very faast.I ll upvote. Thank You
- Assume an economy operates in the intermediaterange of its aggregate supply curve. State thedirection of shift for the aggregate demandor aggregate supply curve for each of thefollowing changes in conditions. What is theeffect on the price level? On real GDP? Onemployment?a. The price of crude oil rises significantly.b. Spending on national defense doubles.c. The costs of imported goods increase.d. An improvement in technology raises laborproductivity.suppose the price of orange juice rises and the apples falls. what would you expect ti happen to the price and quantity of apple juice? why would the equilibrum quanity increase while the impact onbthe equilbrum price be uncertain?ven the following linear functions describing the supply and demand for widgets: na, using the algebraic methods explained in the lesson, the equilibrium price ) Cony substituting the equilibrium price into the original functions, calculate the equilibrium quantity rconirm your results by completing a supply and demand schedule and by graphing the supply and demand curves, being sure to mark in the equilibrium price and quantity on the axes. Qs = -4 + 2P Qd = 24 - 2P a) Equiibrium price : as- Qd Qs =-4+2x7=10 Qd - 24-14= 10 %3D -4+ap= 24-2P -4P=-28 P=7 Qs = -4 + 2P lo Price ($) Qd 24 - 2P 8. 10 10 2. Equaibrium at (7,10) 123456189 10 Price
- Initialy, the chot run aggregate suply curve is SASO and the gte dand ose LAS SAS, 115 SAS 110 105 100 95 0.8 Reol GOP rilions of 2005 dollan 1.0 1.2 Using the above graph, amwer the following questions 1. Some events change aggregate demand from ADO to AD1 dentily two events that cot t othe ch demand. What is the equlitrium ater aggregate demand changed it poental GPn51n eonyt makroeconomic equilitrium? 2. Some events change apgregate supply hrom SASO to SAS1. Recogriae teo vert Dat cd ho eet t chrge supply. What is the equilibrlum after aggregate supply changed It potertial GDP in $1 tlion, den the aruny kae inflationary gap, a recessionary gap or no output gap? 3. Some events change aggregate demand fom ADO to ADI and aggrgale supy m SASO o SAS S macroeconomic equilibriumS ALGI ← Sign e-hal 1x. IXLI My/ 8 EdPi S Day S Day vbschools.schoology.com/common-assessment-delivery/start/596643342 S Schoology E Module 5: Credit an... My A S Test CD Tallwood Bookmarks End Of Year Assessment Relatively inelastic Demand Demand az ar as Which good would most likely be illustrated with this graph? O Toilet Paper O Jewelry O Antiques O LumberSub : EconomicsPls answerin 15 mins if possible.Dnt CHATGPT.I ll upvote. Thank You
