The tables below show the aggregate demand and two aggregate supplies for the economy of Zandu. Aggregate Quantity Supplied (1) Price Index 75 76 77 78 79 80 81 82 Aggregate Quantity/ Demanded 900 840 780 720 660 600 540 480 Price Index 75 76 mun 77 TIIA 78 um 79 80 TIL 81 82 < rev a. Of the two aggregate supply schedules, (1) or (2), the neoclassical aggregate supply is schedule 1 Of the two aggregate supply schedules, (1) or (2), the Keynesian aggregate supply is schedule 2 b. According to the neoclassical school, the equilibrium level of price would be c. According to the Keynesian school, the equilibrium level of price would be [ Assume that aggregate demand increased by $120. d. According to the neoclassical school, the new equilibrium value of price is [ the neoclassical school. Search 4 of 18 720 720 720 720 720 720 www www www 720 720 and equilibrium e. According to the Keynesian school, the new equilibrium value of price is and equilibrium real GDP is $[ the Keynesian school. SAMSUNG www and equilibrium real GDP is $[ Next > Price Index 78 78 78 and equilibrium real GDP would be $ and equilibrium real GDP would be $ E 78 78 78 78 78 78 v. 720 Jaccording to real GDP is $ according to Aggregate Quantity Supplied (2) 540 600 660 720 789 840 900 960
The tables below show the aggregate demand and two aggregate supplies for the economy of Zandu. Aggregate Quantity Supplied (1) Price Index 75 76 77 78 79 80 81 82 Aggregate Quantity/ Demanded 900 840 780 720 660 600 540 480 Price Index 75 76 mun 77 TIIA 78 um 79 80 TIL 81 82 < rev a. Of the two aggregate supply schedules, (1) or (2), the neoclassical aggregate supply is schedule 1 Of the two aggregate supply schedules, (1) or (2), the Keynesian aggregate supply is schedule 2 b. According to the neoclassical school, the equilibrium level of price would be c. According to the Keynesian school, the equilibrium level of price would be [ Assume that aggregate demand increased by $120. d. According to the neoclassical school, the new equilibrium value of price is [ the neoclassical school. Search 4 of 18 720 720 720 720 720 720 www www www 720 720 and equilibrium e. According to the Keynesian school, the new equilibrium value of price is and equilibrium real GDP is $[ the Keynesian school. SAMSUNG www and equilibrium real GDP is $[ Next > Price Index 78 78 78 and equilibrium real GDP would be $ and equilibrium real GDP would be $ E 78 78 78 78 78 78 v. 720 Jaccording to real GDP is $ according to Aggregate Quantity Supplied (2) 540 600 660 720 789 840 900 960
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:#2 (CH 5,6,10,11) i
The tables below show the aggregate demand and two aggregate supplies for the economy of Zandu.
Aggregate Quantity
Supplied (1)
Price Index
75
76
77
78
79
80
81
82
Aggregate Quantity
Demanded
900
840
780
720
660
600
540
480
III
Price Index
75
76
Saved
77
78
79
80
81
82
e. According to the Keynesian school, the new equilibrium value of price is
the Keynesian school.
<rev
a. Of the two aggregate supply schedules, (1) or (2), the neoclassical aggregate supply is schedule 1
Of the two aggregate supply schedules, (1) or (2), the Keynesian aggregate supply is schedule 2
b. According to the neoclassical school, the equilibrium level of price would be
c. According to the Keynesian school, the equilibrium level of price would be
Assume that aggregate demand increased by $120.
d. According to the neoclassical school, the new equilibrium value of price is
the neoclassical school.
O Search
4 of 18
720
720
www
720
720
720
720
720
720
and equilibrium real GDP is $
and equilibrium real GDP is $
SAMSUNG
Price Index
78
78
78 and equilibrium real GDP would be $
and equilibrium real GDP would be $
Next >
78
78
78
78
78
78
720
according to
according to
Help
Save & Exit
Aggregate Quantity
Supplied (2)
540
600
660
720
780
840
900
960
CD)
S
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