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3.a. Regrading the expected price, choose the correct math symbol below. PE ( <, =, > ) 10 3.b. The actual price is P = 12. Choose the correct math symbol regarding the short-run equilibrium output below. Y ( <, =, > ) 50 3.c. The expected price changed to 8. How would the LRAS and SRAS curves shift: Leftward, Rightward, or No shift. Remember that the expected price is a nominal variable. LRAS: SRAS:

3.a. Regrading the expected price, choose the correct math symbol below. PE ( <, =, > ) 10 3.b. The actual price is P = 12. Choose the correct math symbol regarding the short-run equilibrium output below. Y ( <, =, > ) 50 3.c. The expected price changed to 8. How would the LRAS and SRAS curves shift: Leftward, Rightward, or No shift. Remember that the expected price is a nominal variable. LRAS: SRAS:

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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3.a. Regrading the expected price, choose the correct math symbol below.
PE ( <, =, > ) 10

3.b. The actual price is P = 12. Choose the correct math symbol regarding the short-run equilibrium output
below.
Y ( <, =, > ) 50

3.c. The expected price changed to 8. How would the LRAS and SRAS curves shift: Leftward, Rightward, or
No shift. Remember that the expected price is a nominal variable.
LRAS:
SRAS:  

The figure below shows the LRAS and SRAS curves. Based on the figure, answer question below. P LRAS SRAS 1아. Y 50
Transcribed Image Text:The figure below shows the LRAS and SRAS curves. Based on the figure, answer question below. P LRAS SRAS 1아. Y 50
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