Q1 if the aggregate-demand curve is given by the equation

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Q1. If the aggregate-demand curve is given by the equation P=400-(2xY) and long run aggregate supply=100 the long run equilibrium price levels equal?

Q2. Explain how has the recent natural disaster in Japan influenced the provider of Toyota automobiles? Illustrate the effect using the demand and provide model?

Q3. Country A has marginal product of labor of 10 and wage rate of $20/L. Country B has a marginal product of labor of 2 and a wage rate of $5/L. Which country has the lower marginal cost?

Reference no: EM13355209

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