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On a piece of graph paper draw a set of axes, such as those in the figure above, but do not draw the supply curves shown there. Instead, draw a long-run aggregate supply curve based on the assumption that the natural level of real output is $3,000 billion. What is the slope of the curve? At what point does it intersect the horizontal axis? Next draw a short-run aggregate supply curve based on the assumption that the expected level of inpout prices is 1.5. Where does this short-run aggregate supply curve intersect the long-run aggregate supply curve that you drew?
Just need an explanation of what it woudl look like?
Illustrate what is Nurd's equilibrium level of income. Illustrate what is likely to happen in the coming months if the government takes no action.
The graph also shows the marginal revenue curve faced by this firm. Hypothetical cost and revenue curves for a computer producer. Explain how many computers will the monopolist sell to maximize profits.
Graph Mary's marginal cost curve using the orange line and her marginal revenue curve using the blue line
Illustrate what role do fiscal and monetary policies have to lead to higher or lower budget deficits.
This might be interpreted as an upward shift in the consumption function. Elucidate how does this shift affect investment and the interest rate.
Illustrate what should be the production level if fixed costs rose to $50,000 per month. Explain.
Illustrate what can the marketing director do to increase the explanatory power of a trade's equation.
Elucidate how the law of diminishing returns influences the shapes of the variable-cost and total-cost curves.
Illustrate what will be the level of output and price in the long run if this industry were perfectly competitive.
Illustrate what has happened in the market for your good or service in the curve you labeled D1. What happened to the equilibrium price.
Evaluate how sale of novels would change during a period of rising incomes. Assess probable impact if competing publishers raise their costs.
Illustrate what are different types of unemployment and how do they affect economy. Illustrate what is inflation. Illustrate what is deflation.
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