Arrive at the Money supply = Aggregate Demand and put in table Identify the labor market equilibrium and potential output and equilibrium price level Draw the macro-economy in the graphs with AD-AS space in top and labor market in the bottom:

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Use the example in the table below to answer the
questions below: \table[[Dose
Y
= (A-N,N,M = AD:M = 60$ and v = 2
,N,Y
=
Real
'
Δ
ν
17. Use the example in the table below to answer the questions below:
Dose N
A
B C
В
с
D
E
2 2 2 2 2
YReal
4.899$
MPN Nd (MPN=AY/AN)
Ns
2N
6.928$
.446 S/N
8.485$
.596 %/N
9.797$
.746 %/N
10.954$
.896 $/N
F
G
7N
Z Z
6N
12$
1.046 %/N
12.961
1.196 %/N
H
8N
13.856$
1.346 %/N
My AD: M = 60$ and v = 2
.
•
Arrive at MPN Nd and put in Table (be sure to include units)
Arrive at the Money supply = Aggregate Demand and put in table
Identify the labor market equilibrium and potential output and equilibrium price level
Draw the macro-economy in the graphs with AD-AS space in top and labor market in the bottom:
Transcribed Image Text:Use the example in the table below to answer the questions below: \table[[Dose Y = (A-N,N,M = AD:M = 60$ and v = 2 ,N,Y = Real ' Δ ν 17. Use the example in the table below to answer the questions below: Dose N A B C В с D E 2 2 2 2 2 YReal 4.899$ MPN Nd (MPN=AY/AN) Ns 2N 6.928$ .446 S/N 8.485$ .596 %/N 9.797$ .746 %/N 10.954$ .896 $/N F G 7N Z Z 6N 12$ 1.046 %/N 12.961 1.196 %/N H 8N 13.856$ 1.346 %/N My AD: M = 60$ and v = 2 . • Arrive at MPN Nd and put in Table (be sure to include units) Arrive at the Money supply = Aggregate Demand and put in table Identify the labor market equilibrium and potential output and equilibrium price level Draw the macro-economy in the graphs with AD-AS space in top and labor market in the bottom:
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