Question
2.) demonstrate and label the correct shifts then explain your answer to the right a) in the future potential egyptian real gdp (in 2015 $s)
2.) demonstrate and label the correct shifts then explain your answer to the right
a) in the future potential egyptian real gdp (in 2015 $s) is 450 billion dollars demonstrate this shift and label the new curve (x)
b) draw a new sas and ad curve so that the price level falls to 140 and the economy reaches its new potential gdp. label them SASy and ADz
c) unfortunately a cargo ship named the again stuck blocks the suez canal. this raises the cost of production for egyptian firms. model this exogenous shock above and label the new curve (W)
d) explain why keynesian policy will likely be less attractive as a means to deal with this problem
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