In the second half of 2021, Congress passed and President Biden signed into law a $1 trillion infrastructure bill. This bill increases spending to improve roads, bridges, communication systems (broadband access), clean drinking water, and similar structures across the nation.  Use the short-run aggregate supply – aggregate demand model to graph and explain how the spending in this bill will likely impact the U.S. economy.

Q: This graph shows the short-run aggregate supply curve (SRAS) of a hypothetical economy where the…

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Q: The following table lists several determinants of short-run aggregate supply. Fillin the table by…

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Q: Which of the following scenarios would result in a decrease in Aggregate Demand? A) The congress…

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Q: The following graph shows the short-run aggregate supply curve (ASAS), the aggregate demand curve…

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Q: PRICE LEVEL 130 110 70 50 AS 22 AD LRAS 20 24 26 30 OUTPUT (Trillions of dollars) Suppose that in…

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Q: 5. Macroeconomic equilibrium and the multiplier effect The following graph shows a hypothetical…

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Q: True or False: Supply-side economics is a long-run, growth-oriented strategy.

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Q: LRAS SRAS, SRAS, R AD. AD, QUANTITY OF OUTPUT PRICE LEVEL

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Q: The following graph shows the economy in long-run equilibrium at the expected price level of 5 and…

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Q: The graphs illustrate an initial equilibrium for the economy. Suppose that the government increases…

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Q: The following graph shows a decrease in short-run aggregate supply (AS) in a hypothetical economy…

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Q: Briefly discuss what consumer ( at least 2 sentences) and business ( at least 2 sentences)…

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Q: 6. Why the aggregate supply curve slopes upward in the short run In the short run, the quantity of…

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Q: The following graph shows a hypothetical economy that uses the dollar as its currency. The economy…

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Q: Should the government use monetary and fiscal policy in an effort to stabilize the economy? The…

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Q: The following graph shows an aggregate demand (AD) curve and a short-run aggregate supply (SRAS)…

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Q: PRICE LEVEL 200 175 150 125 100 75 50 25 0 0 50 100 150 200 250 300 350 400 REAL GDP (Billions of…

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Q: Suppose that the government engages in expansionary fiscal policy by increasing government spending.…

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Q: What could the Federal Reserve do to help the economy reach potential real GDP in 2004? Conduct…

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Q: PRICE LEVEL (CPI) 130 120 110 100 90 80 0 100 200 300 400 500 REAL GDP (Billions of dollars) 600 700…

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Q: The following graph shows the aggregate demand curve in a hypothetical economy. Assume that the…

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