Business, 05.05.2020 04:07 ayoismeisalex

AGGREGATE SUPPLY AGGREGATE DEMAND HOMEWORK AS 125 120 115 Price 110 level 105 AD2 100 AD 800 900 1,000 1,100 1,200 1,300 Real GDP (billions of dollars per year) Given the above aggregate supply and aggregate demand curves identify the following: a. full employment GDP b. percentage increase in price level from point a to point c c. portion of real GDP covered by the Keynesian portion of the AS curve d. portion of real GDP covered by intermediate portion of AS curve e. increase in real GDP by change from AD1 to AD2 f. price level at which Classical portion of AS starts g. change necessary in AS to increase real GDP to 1300 h. level at which increases in real GDP can take place without inflation

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AGGREGATE SUPPLY AGGREGATE DEMAND HOMEWORK AS 125 120 115 Price 110 level 105 AD2 100 AD 800 900 1,0...

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