Suppose that because of globally adverse meteorological conditions, there are serious concerns of climbing prices in an extensive group of commodities. As a result, people now expect an acute increase in the level of input prices. Consider the graph of aggregate demand (AD), aggregate supply (AS), and potential GDP. Move one or more of these curves to describe the short run effect this has in the economy.

Aretha wanted to gather data about the cost of local bowling leagues in her area. she plotted the data and determined that the average bowling league costs consist of a one-time registration fee and a monthly fee modeled by the equation y = 15x + 20. identify and interpret the y-intercept in this model. the y-intercept is 20. this is the cost per month. the y-intercept is 20. this is the cost of registration. the y-intercept is 15. this is the cost of registration. the y-intercept is 15. this is the cost per month.