Find the numerical value for the short run inflation rate

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Reference no: EM131223238

Assume the short-run aggregate supply curve can be expressed algebraically as

Where Y_s is aggregate supply, and the dynamic aggregate demand curve can be written as

Where Y_d is aggregate demand. Find the numerical value for equilibrium output, Y, in the short run. Find the numerical value for the short-run inflation rate, π.

Reference no: EM131223238

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