Business, 05.05.2020 05:50 rscott400

3) Plot the following markets on a graph:
Government market: using 50 jets for Q and $5 billion for P as point A (equilibrium).
AD/AS graph: using 19.1 trillion for RGDP and 1.9% for inflation as point A (equilibrium).
How will our AD/AS graph look like when U. S. government buys less jets in the government market?

4) Plot the following markets on a graph:
Labor market: using 5 laborers and $5.00 for wage as point A (equilibrium).
AD/AS graph: using 19.1 trillion for RGDP and 1.9% for inflation as point A (equilibrium).
How will our AD/AS graph look like when Congress implements an income tax hike in the labor market?

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3) Plot the following markets on a graph:
Government market: using 50 jets for Q and $5 billio...

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