In 2010, the economy of Quarterville had an aggregate demand and aggregate supply according to the following schedule: Price level Aggregate Demand Short-Run Aggregate Supply Long-Run Aggregate Supply 90 $1205.00 $1465.00 100 $1270.00 $1465.00 110 $1335.00 $1465.00 120 $1400.00 $1465.00 130 $1465.00 $1465.00 140 $1530.00 $1465.00 150 $1595.00 $1465.00 $1505.00 $1470.00 $1435.00 $1400.00 $1365.00 $1330.00 $1295.00
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- In 2006, the economy of Singsville had an aggregate demand and aggregate supply according to the following schedule:Price level Aggregate Demand Short-Run Aggregate Supply100 $1445 $1085110 $1380 $1140120 $1315 $1195130 $1250 $1250140 $1185 $1305150 $1120 $1360160 $1055 $1415 What was the equilibrium price level in Singsville in 2006?In 2004, the economy of Minitown had an aggregate demand and aggregate supply according to the following schedule: PRice level Aggregate Demand Short-run Aggregate supply Long run aggregate supply 100 $1625 $1205 $1370 110 $1550 $1270 $1370 120 $1475 $1335 $1370 130 $1400 $1400 $1370 140 $1325 $1465 $1370 150 $1250 $1530 $1370 160 $1175 $1595 $1370 What was Minitown’s short-run equilibrium output in 2004?In 2013, the economy of Boonton had an aggregate demand and aggregate supply according to the following schedule: Price Level Aggregate Demand Short-Run Aggregate Supply Long-Run Aggregate Supply 80 $1405 $1075 $1365 90 $1370 $1150 $1365 100 $1335 $1225 $1365 110 $1300 $1300 $1365 120 $1265 $1375 $1365 130 $1230 $1450 $1365 140 $1195 $1525 $1365 What was Boonton’s long-run equilibrium output in 2013?
- In 1999, the economy of Mistania had an aggregate demand and aggregate supply according to the following schedule: Price Level Aggregate Demand Shortrun aggregate supply longrun aggregate supply 30 $1395 $1125 $1200 40 $1330 $1150 $1200 50 $1265 $1175 $1200 60 $1200 $1200 $1200 70 $1135 $1225 $1200 80 $1070 $1250 $1200 90 $1005 $1275 $1200 If Mistania decreases spending, would this more likely result in cyclical unemployment or inflationary pressures in the following year - i.e, in 2000? Cyclical unemployment/Inflationary pressuresIn 1997, the economy of Mistania had an aggregate demand and aggregate supply according to the following schedule: Price Level aggregate demand short-run aggregate supply1475 long-run aggregate supply 90 $1505 $1175 $1440 100 $1470 $1250 $1440 110 $1435 $1325 $1440 120 $1400 $1400 $1440 130 $1365 $1475 $1440 140 $1330 $1550 $1440 150 $1295 $1625 $1440 What was Mistania’s short-run equilibrium output in 1997?In 2003, the economy of Microtania had an aggregate demand and aggregate supply according to the following schedule: Price level Aggregate Demand Short-Run Aggregate Supply Long-Run Aggregate Supply 90 $1125.00 $1320.00 100 $1200.00 $1320.00 110 $1275.00 $1320.00 120 $1350.00 $1320.00 130 $1425.00 $1320.00 140 $1500.00 $1320.00 150 $1575.00 $1320.00 $1575.00 $1500.00 $1425.00 $1350.00 $1275.00 $1200.00 $1125.00 What was Microtania's short-run equilibrium output 2003? $| Calculate Microtania's output gap: $
- In 2010, the economy of Sanaton had an aggregate demand and aggregate supply according to the following schedule: Price level Aggregate Demand Short-Run Aggregate Supply 80 $1155.00 90 $1220.00 100 $1285.00 110. $1350.00 $1415.00 $1480.00 $1545.00 120 130 140 $1575.00 $1500.00 $1425.00 $1350.00 $1350,00 $1200.00 $1125.00 What was the equilibrium price level in Sanaton in 2010?In 2001, the economy of Boxtown had an aggregate demand and aggregate supply according to the following schedule: price level aggregate demand short-run aggregate supply long-run aggregate supply 70 $1275 $1005 $1300 80 $1250 $1070 $1300 90 $1225 $1135 $1300 100 $1200 $1200 $1300 110 $1175 $1265 $1300 120 $1150 $1330 $1300 130 $1125 $1395 $1300 What was Boxtown’s short-run equilibrium output in 2001? If Boxtown cut taxes, how would short-run equilibrium quantity change?Increase/DecreaseIn 2014, the economy of Greatstown had an aggregate demand and aggregate supply according to the following schedule: Price Level Aggregated Demand Short-run Aggregate Supply Long-run aggregate supply 30 $1455 $1275 $1400 40 $1420 $1300 $1400 50 $1385 $1325 $1400 60 $1350 $1350 $1400 70 $1315 $1375 $1400 80 $1280 $1400 $1400 90 $1245 $1425 $1400 Calculate Greatstown’s output gap.
- In 2000, the economy of Singsville had an aggregate demand and aggregate supply according to the following schedule: Price level Aggregate Demand Short-Run Aggregate Supply Long-Run Aggregate Supply 100 $1135.00 $1270.00 110 $1190.00 $1270.00 120 $1245.00 $1270.00 130 $1300.00 $1270.00 140 $1355.00 $1270.00 150 $1410.00 $1270.00 160 $1465.00 $1270.00 $1525.00 $1450.00 $1375.00 $1300.00 $1225.00 $1150.00 $1075.00 What was Singsville's short-run equilibrium output in 2000? $ Was Singsville in long-run equilibrium in 2000? OYesIn 2014, the economy of Greatstown had an aggregate demand and aggregate supply according to the following schedule: Price Level Aggregated Demand Short-run Aggregate Supply Long-run aggregate supply 30 $1455 $1275 $1400 40 $1420 $1300 $1400 50 $1385 $1325 $1400 60 $1350 $1350 $1400 70 $1315 $1375 $1400 80 $1280 $1400 $1400 90 $1245 $1425 $1400 What was Greatstown’s short-run equilibrium output 2014?In 1998, the economy of Aptonville had an aggregate demand and aggregate supply according to the following schedule: Price level Aggregate Demand Short-Run Aggregate Supply 70 $1415.00 $1115.00 80 $1360.00 $1160.00 90 $1305.00 $1205.00 100 $1250.00 $1250.00 110 $1250.00 $1295.00 120 $1140.00 $1340.00 130 $1085.00 $1385.00 What was the equilibrium price level in Aptonville in 1998?