OTOZ :Tdures 2020 SIo IO recrumN R-squared 0.9605 Adj R-squared 0.8684 Log likelihood - 33.162769 Root MSE 0.0227 D.lprod Coef. Std. Err. P>|t| (954 Conf. Interval] ADJ lprod L1. -1.026362 .1773206 -5.79 0.010 -1.590676 -.4620492 LR lprice -.4590519 0901793 -5.09 0.015 -.7460428 -.172061 --. SR lprice D1. .5652254 .0729919 7.74 0.004 3329326 7975181 LD. .6474359 .1043657 6.20 0.008 3152977 9795742 L2D. 5861788 .0911761 6.43 0.008 .2960158 .8763417 L3D. .3358007 .0766534 4.38 0.022 .0918554 .579746 L4D. .1757377 .0501432 3.50 0.039 .0161596 .3353158 cons 14.11953 2.368291 5.96 0.009 6.582571 21.65649

For Shock D: Suppose the economy starts in the long run equilibrium. Illustrate changes that the shock will cause in the short run (using AD-SRAS). Explain why each curve shifts. Determine how the price level and output will be affected in the short run. Mark the output gap on the diagram. Is the output gap positive or negative? Is the economy is booming, or is it in a recession? On the same diagram illustrate how the economy will adjust to the shock in the long run and explain the mechanism. Determine how the price level and output will be affected in the long run.   D. A country the US trades with experiences an economic boom   As a result of this shock, in the short run the (SRAS Curve/AD Curve) will shift? In consequence, in the short run prices and output will? In the short run, there will be a ? (negative/postive) output gap,which means there will be a ? (boom/recession) As time passes, because of high unemployment the wages in the economy will? (decrease/increase) As a…

1.   PLEASE ANSWER THE QUESTION (hand writing).   Suppose the demand of a product, a(p), is defined above.   1. Compute the elasticity of the demand when the price is $1 100. 2. Is the demand elastic or inelastic at that price? 3. If the price goes up by 15%, compute the decrease in the demand in %. SUBMIT THIS ANSWER BELOW with 3 units of precision. 4. If we increase the price, are we going to increase or decrease the revenue?

I need the answer as soon as possible