#WK6-1 ADVANCED ANALYSIS Suppose that the equation for a particular short-run AS curve is P = 30 + 0.5Q, where P is the price level and Q is real output in dollar terms. Instructions: Enter your answers as whole numbers. a. What is Q if the price level is 130? Suppose that the Q in your answer is the full-employment level of output. b. By how much will Q increase in the short run if the price level unexpectedly rises from 130 to 144?
#WK6-1 ADVANCED ANALYSIS Suppose that the equation for a particular short-run AS curve is P = 30 + 0.5Q, where P is the price level and Q is real output in dollar terms. Instructions: Enter your answers as whole numbers. a. What is Q if the price level is 130? Suppose that the Q in your answer is the full-employment level of output. b. By how much will Q increase in the short run if the price level unexpectedly rises from 130 to 144?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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#WK6-1
ADVANCED ANALYSIS Suppose that the equation for a particular short-run AS curve is P = 30 + 0.5Q, where P is the price level and Q is real output in dollar terms.
Instructions: Enter your answers as whole numbers.
a. What is Q if the price level is 130?
Suppose that the Q in your answer is the full-employment level of output.
b. By how much will Q increase in the short run if the price level unexpectedly rises from 130 to 144?
By how much will Q increase in the long run due to the price level increase?
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