a. What increase in aggregate demand is necessary to achieve this? billions. b. If successful, what will be the growth rate? Round your answer below to 2 decimal places. % c. If successful, what will be the inflation rate? Round your answer below to 2 decimal places. A %

a. What increase in aggregate demand is necessary to achieve this? billions. b. If successful, what will be the growth rate? Round your answer below to 2 decimal places. % c. If successful, what will be the inflation rate? Round your answer below to 2 decimal places. A %

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

180
Price index
160
140
120
100
80
60
400 410 420 430 440 450 460 470 480 490
Real GDP (in billions)
W
AS
AD
LAS
himen thin?
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a. What increase in aggregate demand is necessary to achieve this?
billions.
b.If successful, what will be the growth rate? Round your answer below to 2 decimal places.
%
c. If successful, what will be the inflation rate? Round your answer below to 2 decimal places.
A
1%
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13 of 14
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