Answered

Westonci.ca is the premier destination for reliable answers to your questions, brought to you by a community of experts. Discover comprehensive answers to your questions from knowledgeable professionals on our user-friendly platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

(a) (b) (c)
AS(P100) AS(P125) AS(P75)
P Q P Q P Q
125 $560 125 $500 125 $620
100 500 100 440 100 560
75 440 75 380 75 500
Suppose the full employment level of real output (Q) for a hypothetical economy is $500, the price level (P) initially is 100, and prices and wages are flexible both upward and downward. Refer to the accompanying short-run aggregate supply schedules. In the long run, an increase in the price level from 100 to 125 will
a. increase real output from $500 to $560.
b. decrease real output from $500 to $440.
c. change the aggregate supply schedule from (a) to (c) and result in an equilibrium level of real output of $560.
d. change the aggregate supply schedule from (a) to (b) and result in an equilibrium level of real output of $500.

Sagot :

Piscis05

Answer:

XDXDXDXDXDXDXDXDXDXDXXDXD

Explanation:

Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.