Question 2 2.1 Given AS: Q = 42P+58 and AD: Q=-37P+2112, solve for Price and Quantity at equilibrium. 2.2 As a result of increase of investment spending (I), AD curve shifts rightwards and becomes Q =-37P+2270. The new equilibrium Price and Quantity is P = 28 and Q = 1234. Use the answers in 2.1 and the values given in 2.2 to derive the rate of economic growth and inflation rate.

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