In 2012, the economy of Singsville had an aggregate demand and aggregate supply according to the following schedule: Price level Aggregate Demand Short-Run Aggregate Supply Long-Run Aggregate Supply 60 $1545 $1155 $1300 70 $1480 $1220 $1300 80 $1415 $1285 $1300 90 $1350 $1350 $1300 100 $1285 $1415 $1300 110 $1220 $1480 $1300 120 $1155 $1545 $1300 What was Singsville's short-run equilibrium output in 2012? 1350 Is Singsville most likely experiencing high cyclical unemployment or inflation pressures? OHigh cyclical unemployment OInflation pressures

In 2012, the economy of Singsville had an aggregate demand and aggregate supply according to the following schedule: Price level Aggregate Demand Short-Run Aggregate Supply Long-Run Aggregate Supply 60 $1545 $1155 $1300 70 $1480 $1220 $1300 80 $1415 $1285 $1300 90 $1350 $1350 $1300 100 $1285 $1415 $1300 110 $1220 $1480 $1300 120 $1155 $1545 $1300 What was Singsville's short-run equilibrium output in 2012? 1350 Is Singsville most likely experiencing high cyclical unemployment or inflation pressures? OHigh cyclical unemployment OInflation pressures

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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please give me correct answer eith calculation and full explanation and Don't use chatGPT otherwise i give downvote

In 2012, the economy of Singsville had an aggregate demand and aggregate supply according to
the following schedule:
Price level Aggregate Demand Short-Run Aggregate Supply Long-Run Aggregate Supply
60
$1545
$1155
$1300
70
$1480
$1220
$1300
80
$1415
$1285
$1300
90
$1350
$1350
$1300
100
$1285
$1415
$1300
110
$1220
$1480
$1300
120
$1155
$1545
$1300
What was Singsville's short-run equilibrium output in 2012? 1350
Is Singsville most likely experiencing high cyclical unemployment or inflation pressures?
OHigh cyclical unemployment
OInflation pressures

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