1.At which equilibrium point does the economy have inflationary gap and what is the value of such gap in percentage point  2.what government policy should be recommended for this specific macroeconomic problem ? 3. What does e1 represent?

ENGR.ECONOMIC ANALYSIS
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1.At which equilibrium point does the economy have inflationary gap and what is the value of such gap in percentage point 

2.what government policy should be recommended for this specific macroeconomic problem ?

3. What does e1 represent?

84 minutes remaining 6
Price Level
CPI
146
136
Potential GDP
LRAS
E2
E₁
1.8 2.1 2.2
E3
24 OF 24 QUESTIONS R
AD₁
AS₁
AD3
AD₂
Real GDP (Trillions CAD)
Transcribed Image Text:84 minutes remaining 6 Price Level CPI 146 136 Potential GDP LRAS E2 E₁ 1.8 2.1 2.2 E3 24 OF 24 QUESTIONS R AD₁ AS₁ AD3 AD₂ Real GDP (Trillions CAD)
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24 OF 24 QUESTIONS REMAINING
1. At which equilibrium point does the economy have an inflationary gap, and what is the value of
such a gap in percentage points?
2. What government policy should be recommended for this specific macroeconomic problem?
3. What does the point E₁ represent?
Price Level
CPI
146
136
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LRAS
E2
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E₁
K First
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Transcribed Image Text:- с Gmail C X C learn.senecacollege.ca/ultra/courses/_707158_1/outline/assessment/_19016245_1/overview/attempt/_46191690_1?coursel Homepage G learn@seneca - Go... YouTube Maps Translate News 87 minutes remaining Ø 24 OF 24 QUESTIONS REMAINING 1. At which equilibrium point does the economy have an inflationary gap, and what is the value of such a gap in percentage points? 2. What government policy should be recommended for this specific macroeconomic problem? 3. What does the point E₁ represent? Price Level CPI 146 136 Questions Filter (24) ▼ Q Search Potential GDP LRAS E2 PRE E₁ K First E3 AD₂ < Previous ( AS₁ AD3 AD₁ Next > Take Test: Midterm... Last > Grading o an DOD ****** Save and Close
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