subject

The economy of country X is at full employment. a) Draw a correctly labeled graph of the long run aggregate supply, short run aggregate supply, and aggregate demand curves, and show each of the following
(i) current price level, Labeled PL1
(ii) current real output, labeled Y1
(b) assume that household income increases as a result of recent economic prosperity and country x. On your graph (a), show the effect of the increase in household income on real output and price level.
(C) what will be the effect of the change identified in part (b) on unemployment in Country x?
(D) Will the change in real output shown in part (b) be smaller or larger in the presence of automatic stabilizers? Explain.

ansver
Answers: 1

Another question on Advanced Placement (AP)

question
Advanced Placement (AP), 25.06.2019 22:00
Asafe and responsible driver must have a. a positive attitude towards driving b. a friend in the car to navigate c. a gps system d. the ability to drive aggressively
Answers: 2
question
Advanced Placement (AP), 26.06.2019 15:00
(adapted from m. m. duguid and j. a. goncalo, living large: the powerful overestimate their own height. ) in a study of power and self-image, participants were not told the true purpose of the study; instead, they believed they were participating in a business simulation. researchers randomly assigned participants to a high power(n = 44) or low-power (n = 44) condition. in the high-power condition, participants recalled a time when they had power over others, and in the low-power condition, they recalled a time when others had power over them. participants were asked to adjust the height (in centimeters) of an electronic graphical image (an avatar)of themselves to reflect their personal appearance. results indicated a statistically significant difference in participants’ perceptions of their own height across the two conditions. participants in the high-power condition created taller self-images (mean = 6.0, standard deviation = 1.5) than participants in the low-power condition(mean = 4.0, standard deviation = 1.0). * describe independent variable- describe how researchers measured the independent variable- explain why the researchers can conclude that there is a cause-and-effect relationship between the independent and dependent variables. - explain what statistical significance means in the context of the study.- explain why debriefing would be necessary in the study. -
Answers: 3
question
Advanced Placement (AP), 26.06.2019 15:30
How was the structure of american society different in 1848 than it has been in 1800
Answers: 3
question
Advanced Placement (AP), 26.06.2019 22:00
Asitting bill is a bill that is inactive in congress at the moment. true false
Answers: 2
You know the right answer?
The economy of country X is at full employment. a) Draw a correctly labeled graph of the long run...
Questions
question
Mathematics, 25.03.2020 05:43
question
Mathematics, 25.03.2020 05:43
question
History, 25.03.2020 05:44
question
Mathematics, 25.03.2020 05:44
Questions on the website: 13722361