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Author Question: Refer to Figure 16-1. Suppose the economy is in short-run equilibrium above potential ... (Read 128 times)

Shelles

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on: Mar 16, 2019

Question 1

Figure 16-1












Refer to Figure 16-1.  Suppose the economy is in short-run equilibrium above potential GDP and no policy is pursued. Using the static AD-AS model in the figure above, this would be depicted as a movement from


◦ D to C.
◦ A to E.
◦ C to D.
◦ C to B.
◦ E to A.

Question 2

Figure 16-1












Refer to Figure 16-1.  Suppose the economy is in short-run equilibrium above potential GDP and wages and prices are rising. If contractionary policy is used to move the economy back to long run equilibrium, this would be depicted as a movement from ________ using the static AD-AS model in the figure above.


◦ D to C
◦ C to B
◦ A to E
◦ B to A
◦ E to A
Macroeconomics ¦ Hubbard, O'Brien ¦ 6th Edition
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Marked as best answer by Shelles on Mar 16, 2019

mistyjohnson

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Reply #1 on: Mar 16, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Shelles

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Reply 2 on: Mar 16, 2019
Great answer, keep it coming :)

sailorcrescent

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Reply 3 on: Yesterday
Wow, this really help

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