Possitive short run relatioship between the prices level for outpput and reall  gdp holding the prices of inputs fexed a- longo-run aggregate supply SRAS curve b- long run aggregate demand SRAS curve c- short eun aggregate supply SRAS curve d- short-run aggregate demand SRAS curve

Q: 3. What is an output gap? And which 3 situations are discussed

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A: Leftward shift in SRAS shows decrease in aggregate supply.

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A: Below is the table: Graph generated from the given table.

Q: no handwritten notes

A: Diagram A: Inflationary GapDiagram B: Recessionary GapDiagram C: Long Run…

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A: Hi there! Since you have posted a question with multiple sub-parts, we will solve the first three…

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A: A model used in macroeconomics is the (AD/AS) model. It clarifies how an economy's price level and…

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A: In an economy, the long-run AD-AS framework helps to analyze the condition of the market and to make…

Q: Refer to the figure to answer two questions. Price Level (average price) O PE E a. How much output…

A: The AD-AS model is a macroeconomic framework that illustrates how the price level and real output in…

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Q: Question 9 Refer to Figure 3. A decrease in taxes would move the economy from B to OB in the short…

A: AS-AD model: In this model we are given the aggregate demand curve which exhibits negative…

Q: Suppose the economy has moved from E₂ to E₁- If there then no monetary validation, the adjustment…

A: Demand curve is the downward sloping curve.  Supply curve is the upward sloping curve.  Equilibrium…