61. Table 10.4 describes Santher's economy. a. Plot the AD/AS curves and identify the equilibrium. b. Would

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61. Table 10.4 describes Santher's economy.

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a. Plot the AD/AS curves and identify the equilibrium.

b. Would you expect unemployment in this economy to be relatively high or low?

c. Would you expect prices to be a relatively large or small concern for this economy?

d. Imagine that input prices fall and so AS shifts to the right by 150 units. Identify the new equilibrium.

e. How will the shift in AS affect the original output, price level, and employment?

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61. Table 10.4 describes Santher's economy. a. Plot the AD/AS curves and identify the equilibrium. b. Would

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Price Level AD AS 50 1,000 250 60 950 580 70 900 750 80 850 850 90 800 900 Table 10.4 Price Level: AD/AS

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Principles Of Macroeconomics For AP Courses

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