By how much will q increase in the long-run

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Reference no: EM13192141

the equation for a particular short-run AS curve is P=20+5Q, where P is the price level and Q is real output in dollar terms. What is Q if the price level is 120? Suppose that Q in your answer is the full-employment level of output. By how much will Q increase in the short-run if the price level unexpectedly rises from 120 to 132? By how much will Q increase in the long-run due to the price level increase?

Reference no: EM13192141

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