Assume the short-run aggregate supply curve can be expressed algebraically as: y = 4,500 + 3,000π and the dynamic aggregate demand curve can be written as: y = 5,000 – 1,000π

a. find the numerical value for the short-run inflation rate? show your work.

b. find the numerical value for equilibrium output in the short run? show your work.

I’m pretty sure it would be c. applying password policies

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.