Keynesian Analyses Graph: You may use your preferred drawing tool such as Paint, Word, PowerPoint or...
Keynesian Analyses Graph:
You may use your preferred drawing tool such as Paint, Word, PowerPoint or you can use pencil and paper for this assignment. You are to illustrate/graph long run aggregate supply curve, short run aggregate supply curve and aggregate demand curve in equilibrium. The equilibrium price level is $110 and equilibrium output level is 12 trillion. Show a shift of the curve that leads to an inflationary gap. Label the new curve and label the inflationary gap. Capture your work it a presentation tool such as a short video or PowerPoint.
Homework Answers
As shown in the graph above, the initial equilibrium was at point A, the output is 12 trillion and price is $110 (P). After an increase in the demand the demand curve shifted to AD2 and the price increased to $115 (P*) and it increase the total output to 12.5 trillion but created an inflationary gap in the market. The new equilibrium is at B.
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Keynesian Analyses Graph:
You may use your preferred drawing tool such as Paint, Word,
PowerPoint or...
Given the following event: Consumer and business optimism sharply increases. AS, Using the line drawing tool...
Given the following event: Consumer and business optimism sharply increases. AS, Using the line drawing tool or three point curved line drawing tool, draw the appropriate object in the figure to the right to show the impact on the economy's short-run equilibrium price level and equilibrium aggregate output (income). Properly label this new line or curve. Note: Carefully follow the instructions above and only draw the required object. o Price level, P According to your graph, the short run result...
The graph to the right shows a 45°-line (Keynesian cross) diagram. The economy is currently in...
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i just need the graph An economy is described as follows: C = 3,000 + 0.5...
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10 The following graph shows aggregate demand and short run aggregate supply 1.) Use the line...
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For this question, you are to use a graph to illustrate the change(s) and then explain...
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Econ hw please help thank you! NAN Print Last Name, First Name 6. In a self-regulating...
Econ hw please help thank you!
NAN Print Last Name, First Name 6. In a self-regulating economy, inflationary gaps are automatically eliminated in the le run by: a. decreases in wage rates that cause short-run aggregate supply to shift rightwo decreases in wage rates that cause short-run aggregate supply to shift left word increases in wage rates that cause short-run aggregate supply to shift rightward increases in wage rates that cause short-run aggregate supply to shift leftward Assume the economy...
The graph below depicts an economy where an increase in aggregate demand has caused Inflation. The...
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Given the following event: Consumer and business optimism sharply increases. AS, Using the line drawing tool or three point curved line drawing tool, draw the appropriate object in the figure to the right to show the impact on the economy's short-run equilibrium price level and equilibrium aggregate output (income). Properly label this new line or curve. Note: Carefully follow the instructions above and only draw the required object. o Price level, P According to your graph, the short run result...
The graph to the right shows a 45°-line (Keynesian cross) diagram. The economy is currently in macroeconomic equilibrium at output level Y. Real aggregate expenditures, AE Y = AE Suppose that the price level decreases. 1) Use the line tool to show a possible position for the new aggregate expenditures line. Label this line AE,. AEO Note: if you are not prompted for a label, you have used the wrong drawing tool. 2) Use the point drawing tool to show...
The graph shows the economy in long-run equilibrium Then the world economy expands and the demand for U.S.-produced goods increases Price level (GDP deflator, 2009-100) 14 Draw a curve that shows 1) the effect of increased demand for U.S.-produced goods. Label it 1 2) the effect of a rising money wage rate that returns the economy to full employment. Label it 2. Draw a point at the new long-run equilibrium 13 SAS 12 An economy is in a long-run equilibrium....
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l in in the following table shows what the situation will be in 2015 if the Price Level (CP) GDP Real GDP Price Level 2014 $1.55 trillion $1.55 trilion 2015 $1.61 trillion $1.55 trillion 124 Draw an aggregate demand and aggregate supply graph to illustrate the effects of Parliament's policy Assume that policy does not affect LRAS 1.) Use the line drawing tool to draw the LRAS curves for 2014 and 2015. Respectively label these curves LRAS2014 and 'LRAS2015 2.)...
Econ hw please help thank you!
NAN Print Last Name, First Name 6. In a self-regulating economy, inflationary gaps are automatically eliminated in the le run by: a. decreases in wage rates that cause short-run aggregate supply to shift rightwo decreases in wage rates that cause short-run aggregate supply to shift left word increases in wage rates that cause short-run aggregate supply to shift rightward increases in wage rates that cause short-run aggregate supply to shift leftward Assume the economy...
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