In 2012, 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 60 $1545 $1155 $1300 70 $1480 $1220 $1300 80 $1415 $1285 $1300 90 $1350 $1350 $1300 100 $1285 $1415 $1300 110 $1220 $1480 $1300 120 $1155 $1545 $1300 What was Singsville's short-run equilibrium output in 2012? 1350 Is Singsville most likely experiencing high cyclical unemployment or inflation pressures? OHigh cyclical unemployment OInflation pressures

In 2012, 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 60 $1545 $1155 $1300 70 $1480 $1220 $1300 80 $1415 $1285 $1300 90 $1350 $1350 $1300 100 $1285 $1415 $1300 110 $1220 $1480 $1300 120 $1155 $1545 $1300 What was Singsville's short-run equilibrium output in 2012? 1350 Is Singsville most likely experiencing high cyclical unemployment or inflation pressures? OHigh cyclical unemployment OInflation pressures

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter18: Debates In Macroeconomics Over The Rolse And Effects Of Government

Section: Chapter Questions

Problem 2WNG

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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 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?
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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 $1505.00 $1205.00 $1465.00 100 $1470.00 $1270.00 $1465.00 110 $1435.00 $1335.00 1 $1465.00 120 $1400.00 $1400.00 $1465.00 130 $1365.00 $1465.00 $1465.00 140 $1330.00 $1530.00 $1465.00 150 $1595.00 $1465.00 $1295.00 What was Quarterville's long-run equilibrium output in 2010? $|