Reference no: EM132131334
Question - Suppose an economy is described by the following aggregate demand and short-run aggregate supply curves. The potential level of output is $10 trillion.
Aggregate Quantity of Goods and Services Price Level Demanded Supplied 3.0 $11.0 trillion $9.0 trillion 3.4 $10.8 trillion $9.2 trillion 3.8 $10.6 trillion $9.4 trillion 4.2 $10.4 trillion $9.6 trillion 4.6 $10.2 trillion $9.8 trillion 5.0 $10.0 trillion $10.0 trillion 5.4 $9.8 trillion $10.2 trillion 5.8 $9.6 trillion $10.4 trillion 6.2 $9.4 trillion $10.6 trillion 6.6 $9.2 trillion $10.8 trillion 7.0 $9.0 trillion $11.0 trillion
Draw the aggregate demand and short-run aggregate supply curves.
What is the initial real GDP?
What is the initial price level?
What kind of gap, if any, exists?
After the increase in health-care costs, each level of real GDP requires an increase in the price level of 0.8. For example, producing $9.0 trillion worth of goods and services now requires a price level of 3.8. What is the short-run equilibrium level of real GDP?
After the health-care cost increase, what is the new equilibrium price level in the short run? What sort of gap, if any, now exists?
|
Prepare an evaluation of quality within the organization
: Prepare an evaluation of quality within the organization chosen by the team - create an improvement plan. In doing so, use your knowledge of Six Sigma
|
|
Determine how to improve the given messages
: In a memo to your team, describe what is wrong with directives such as these and how to improve these messages so that they are delivered to the recipient.
|
|
Present a business proposal speech
: Present a business proposal speech to an imaginary audience about your concerns or ideas for your current company or a company.
|
|
Which type of cabling would you recommend
: Which type of network topology would you recommend for the corporate backbone and the wired and wireless connections? Why do you think this would be the best.
|
|
What is the short-run equilibrium level of real gdp
: For example, producing $9.0 trillion worth of goods and services now requires a price level of 3.8. What is the short-run equilibrium level of real GDP
|
|
What is the population standard deviation
: Suppose you are drawing cards out of a 30 card deck. What is the population standard deviation. Draw the probability distribution of the cards
|
|
Whose seminal work would you adopt to help you form strategy
: What aspects of the academic and practitioner literature did you find particularly applicable to Dr. Marsh's scenario?
|
|
Calculate the marginal and average products of labor
: Suppose that die number of garden benches produced by 0, 1, 2, 3, and 4 workers is 0, 39, 78, 99, and 108. Calculate the marginal and average products of labor
|
|
Prepare dated journal entries on the acquiring company
: ACCT 451 - prepare dated journal entries on the acquiring company's books for the investment from acquisition to disposal. Ignore income taxes
|