An economy’s relationship between short-run equilibrium output and inflation (its aggregate demand curve) is described by the equation: y = 13,000 – 20,000π. initially, the inflation rate is 4 percent, or π = 0.04. potential output y* equals 12,000.

a. the short-run equilibrium output .
b. the rate of inflation at the long-run equilibrium is

(a) 12,200

(b) 5%

Explanation:

(a)  Y = 13,000 - 20,000 (.04)

Y = 13,000 - 800

Y = 12,200

Therefore, the short run equilibrium output is  12,200.

(b) Y = 13,000 - 20,000π

Substituting the value of y* by 12,000

12,000 = 13,000 - 20,000π

20,000π = 13,000 - 12,000

π = (1,000 ÷ 20,000 ) × 100

π = 0.05 or 5 %

Therefore, the rate of inflation at the long-run equilibrium is 5%.

if kj of heat is transferred o 1200 g liquid water at 36'c, what would the new temperature of the water be? (he specific heat capacity of liquid water is 4.186 j/g''c)

a. 15'c

b.100'c

c.51'c

d.36'c

this conflict is person vs. society

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