The economy is in a full-employment equilibrium in year 1. In year 2, the price level decreased and the level of output increased. The most likely cause of the new equilibrium is Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a An increase in aggregate supply b A decrease in aggregate supply с An increase in aggregate demand d A decrease in aggregate demand

Suppose the economy is in a situation of moderate unemployment, and then an exogenous increase of aggregate demand occurs.  (Assume the aggregate demand schedule follows the pattern set out by the mainstream story.)  Use short run aggregate supply and aggregate demand analysis to discuss in detail the effects of this demand change on the price level and real GDP in the short run. Explain how the situation could change in the long run after the happenings in the first part.

Answer both questions that need to be answered and the second question has a graph that’s needs to be answered as well.

Suppose our economy is in macroeconomic equilibrium (also called "general equilibrium") with an upward-sloping aggregate supply curve and a downward-sloping aggregate demand curve.  An increase in aggregate demand will:   Question 5 options:   a)  Increase aggregate supply.   b)  Decrease the price level.   c)  Causes the aggregate supply to shift to the right.   d)  Increase real GDP.   e)  Reduce the number of discouraged workers in the unemployment rate.

Aggregate demand and aggregate supply, based on a problem from “Principles of Economics” by N. Gregory Mankiw a) List the components of country’s GDP in an open economy. For each component, provide an example of an event that would cause a shift of the aggregate demand curve to the right.b) What will be the effect of such events on the level of prices and the real outcome in the short run? Provide a graph.c) What will be the effect of such events on the level of prices and the real outcome in the longrun? Update your graph

Changes in what four variables will shift the long run aggregate supply curve?

type plz

Assume that the United States is currently in a recession. a. Draw a correctly labelled graph of aggregate demand and aggregate supply showing each of the following in the United States: i. Output level ii. Price level A

Question The following events shift either aggregated demand, aggregated supply, both or neither in the UK. Using a diagram, illustrate the effects of the events on the economy. In particular, explain the effect of each event on price level, real GDP, and equilibrium in the economy. D) The government adopts policies that reduce taxes on producers E) The economy in a neighbouring country is booming. Many people (and their families) emigrate there in search of jobs and a better life.

1) Define aggregate demand and aggregate supply. 2) Give three reasons why the aggregate demand curve slopes downward. 3) Give three reasons why the aggregate supply curve slopes upwards.