QUESTION 44 The following graph shows the beginning on an Inflation cycle, describe what the following represents? 1. What the move from AD0 to AD1 represent and give an example of what might have caused the change 2. What does the change from 110 to 113 represent 1 3. How much in dollars does real GDP change Price level (GDP deflator, 2012100) 130 120 113 110 100 0 19.0 19.5 LAS SAS ADO AD₁ 20.0 20.5 21.0 21.5 Real GDP (trillions of 2012 dollars)

ENGR.ECONOMIC ANALYSIS
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QUESTION 44
The following graph shows the beginning on an Inflation cycle, describe what the following represents?
1. What the move from ADO to AD1 represent and give an example of what might have caused the change
Price level (GDP deflator, 2012 - 100)
2. What does the change from 110 to 113 represent
3. How much in dollars does real GDP change
130
120
113
110
100
0
19.0 19.5
LAS
Type here to search
SAS
ADO
AD₁
20,0 20.5 21.0 21.5
Real GDP (trillions of 2012 dollars)
For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).
BIUS Paragraph v Arial
O
II
10pt
C
!!!
✔
Transcribed Image Text:P QUESTION 44 The following graph shows the beginning on an Inflation cycle, describe what the following represents? 1. What the move from ADO to AD1 represent and give an example of what might have caused the change Price level (GDP deflator, 2012 - 100) 2. What does the change from 110 to 113 represent 3. How much in dollars does real GDP change 130 120 113 110 100 0 19.0 19.5 LAS Type here to search SAS ADO AD₁ 20,0 20.5 21.0 21.5 Real GDP (trillions of 2012 dollars) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph v Arial O II 10pt C !!! ✔
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