An increase in the price level, ceteris paribus, is illustrated by: Price Level (P) P2 SRAS SRAS* W P1 g Q1 Q2 Q3 Q4 Real GDP (Q) Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a a rightward shift from SRAS to SRAS*. a leftward shift from SRAS* to SRAS. C a movement from point b on SRAS to point f on SRAS*. d a movement from point a to point b along SRAS. × Your answer

In detail, can you explain what is happening in the graph? Two paragraphs.

Consider the table below price level 90 100 110 120 130 140 YAD YAS 1100 750 1000 825 900 900 800 975 700 1050 600 1125 what is the price level and the GDP at equilibrium? express as (GDP, price level) Your answer plot the graph for price level vs. GDP

Identify the components of the GDP formula (expenditure approach). Explain how the current COVID-19 pandemic will affect said components and therefore affect GDP (arc the components increasing/decreasing?). Lastly, why are these components affected? Example: Think about what is happening to households and firms and how it changes their relationship for cach other. What is the government doing and do you think it will be sufficient?

Which of the following is an example of a macroeconomic indicator? A) The price of a specific product B) The income of an individual household C) The unemployment rate D) The sales of a particular company Don't use chatgpt otherwise give 20 downvotes

The next five questions involve the following situation: Consider an economy with only three consumption goods: cocaine, silver, and Doge memes.' The following table shows prices for 2017-2020. Use 2017 as the base year for any relevant calculations. Based on a 2017 survey, the typical consumer has an annual consumption of 20g of cocaine, 10 oz of silver, and 1,000 memes. Year Price of Cocaine (g) Price of Silver (oz) Price of a Meme 2017 $150 $17 $1 2018 $150 $16 $5 2019 $120 $16 $10 2020 $200 $28 $100 18. What is the CPI for 2017? (А) 100. (В) 196. (C) 301. (D) 2501. 19. What is the CPI for 2020? (А) 100. (В) 196. (C) 301. (D) 2501. 20. Based on these data and their associated Consumer Price Indices, what is the inflation rate from 2018 to 2020? (A) 2,501%. (В) 731%. (C) 100%. (D) 1,176%. 'Doge Coin to the moon.

Year 2001 2002 2003 2004 2005 Output Price Nom. GDP Real GDP 50 $23.00 $1,150.00 $1,350.00 52 $ 27.00 $1,404.00 $1,404.00 53 $ 30.00 $1,590.00 $1,431.00 51 $ 34.00 $1,734.00 $1,377.00 56 $31.00 $1,736.00 $1,512.00 Was the economy better off in 2003 or 2004? Explain