In 2012, the economy of Singsville had an aggregate demand and aggregate supply according to the following schedule: Price level Aggregate Demand Short-Run Aggregate Supply Long-Run Aggregate Supply 60 $1545 $1155 $1300 70 $1480 $1220 $1300 80 $1415 $1285 $1300 90 $1350 $1350 $1300 100 $1285 $1415 $1300 110 $1220 $1480 $1300 120 $1155 $1545 $1300 What was Singsville's short-run equilibrium output in 2012? 1350 Is Singsville most likely experiencing high cyclical unemployment or inflation pressures? OHigh cyclical unemployment OInflation pressures
In 2012, the economy of Singsville had an aggregate demand and aggregate supply according to the following schedule: Price level Aggregate Demand Short-Run Aggregate Supply Long-Run Aggregate Supply 60 $1545 $1155 $1300 70 $1480 $1220 $1300 80 $1415 $1285 $1300 90 $1350 $1350 $1300 100 $1285 $1415 $1300 110 $1220 $1480 $1300 120 $1155 $1545 $1300 What was Singsville's short-run equilibrium output in 2012? 1350 Is Singsville most likely experiencing high cyclical unemployment or inflation pressures? OHigh cyclical unemployment OInflation pressures
Chapter18: Debates In Macroeconomics Over The Rolse And Effects Of Government
Section: Chapter Questions
Problem 2WNG
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