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Chrome File e Edit View History y Bookmarks People Tab Window Help 1080F 3476rpm 8100% ZZ Sat Mar 6 12:21:26 PM Monique Dinky Q .. . Spotify - Liked Songs X MindTap - Cengage Le: X Bb Collection - 2021SP-E( X G how is unemployment ( X C Search Textbook Solut X Course Hero X + C a ng.cengage.com/staticb/ui/evo/index.html?deploymentld=5981411816101690856962438939&eISBN=9780357133576&id=1021766771&snapshotld=2133... Paused Update Monique CENGAGE | MINDTAP Q Search this course ? My Home Homework(Ch 33) X Courses 8. Economic fluctuations I Catalog and Study Tools The following graph shows the economy in long-run equilibrium at the expected price level of 120 and the natural level of output of $600 billion. Suppose the government increases spending on building and repairing highways, bridges, and ports. Partner Offers A-Z Rental Options Shift the short-run aggregate supply (AS) curve or the aggregate demand (AD) curve to show the short-run impact of the increase in government spending. College Success Tips Career Success Tips ? ? Help 240 Give Feedback 200 AS AD bongo 160 AS 20 PRICE LEVEL A+ AD 40 estmt_2020-12-16.pdf estmt_2021-01-14.pdf a estmt_2021-02-11.pdf Show All X 6 1 7 6 87 X N O W A LI Pr PS Aid IC Fl Ai DWChrome File e Edit View History y Bookmarks People Tab Window Help 106OF 3479rpm B100% 27 Sat Mar 6 12:21:30 PM Monique Dinky Q .. . Spotify - Liked Songs X MindTap - Cengage Le: X Bb Collection - 2021SP-E( X G how is unemployment ( X C Search Textbook Solut X Course Hero X + C a ng.cengage.com/staticb/ui/evo/index.html?deploymentld=5981411816101690856962438939&eISBN=9780357133576&id=1021766771&snapshotld=2133... Paused Update Monique CENGAGE | MINDTAP Q Search this course ? My Home Homework(Ch 33) X Shift the short-run aggregate supply (AS) curve or the aggregate demand (AD) curve to show the short-run impact of the increase in government Courses spending. Catalog and Study Tools ? A-Z Partner Offers Rental Options 240 O College Success Tips AS 200 AD Career Success Tips 160 ? Help AS Give Feedback PRICE LEVEL 120 80 bongo AD 40 0 0 200 400 600 800 1000 1200 OUTPUT (Billions of dollars) A+ In the short run, the increase in government spending on infrastructure causes the price level to the price level people expected and the quantity of output to the natural level of output. The increase in government spending will cause the unemployment rate to estmt_2020-12-16.pdf a estmt_2021-01-14.pdf estmt_2021-02-11.pdf Show All X 6 07 6 6 7 X N O W A LI Pr PS A Id IC Fl Ai DWChrome File e Edit View History y Bookmarks People Tab Window Help 106OF 3479rpm B 100% ZZ Sat Mar 6 12:21:34 PM Monique Dinky Q .. . Spotify - Liked Songs X MindTap - Cengage Le: X Bb Collection - 2021SP-E( X G how is unemployment ( X C Search Textbook Solut X Course Hero X + C a ng.cengage.com/staticb/ui/evo/index.html? deploymentld=5981411816101690856962438939&elSBN=9780357133576&id=1021766771&snapshotld=2133... Paused Update Monique CENGAGE | MINDTAP Q Search this course ? My Home Homework(Ch 33) X Courses Catalog and Study Tools In the short run, the increase in government spending on infrastructure causes the price level to the price level people expected and the quantity of output to Partner Offers the natural level of output. The increase in government spending will cause the unemployment rate to A-Z the natural rate of unemployment in the short run. Rental Options Again, the following graph shows the economy in long-run equilibrium at the expected price level of 120 and the natural level of output of $600 billion, College Success Tips before the increase in government spending on infrastructure. Career Success Tips During the transition from the short run to the long run, price-level expectations will and the ? Help curve will shift to the Give Feedback Now show the long-run impact of the increase in government spending by shifting both the aggregate demand (AD) curve and the short-run aggregate supply (AS) curve to the appropriate positions. bongo (? 240 O AS 200 AD A+ 160 AS LEVEL estmt_2020-12-16.pdf estmt_2021-01-14.pdf estmt_2021-02-11.pdf Show All X 6 1 7 6 67 X N O W Q LT Pr PS A Id IC Fl Ai DWChrome File e Edit View History y Bookmarks People Tab Window Help 106OF 3474rpm B100% 27 Sat Mar 6 12:21:37 PM Monique Dinky Q .. . Spotify - Liked Songs X MindTap - Cengage Le: X Bb Collection - 2021SP-E( X G how is unemployment ( X C Search Textbook Solut X Course Hero X + C a ng.cengage.com/staticb/ui/evo/index.html? deploymentld=5981411816101690856962438939&elSBN=9780357133576&id=1021766771&snapshotld=2133... Paused Update Monique CENGAGE | MINDTAP Q Search this course ? My Home Homework(Ch 33) X Courses (?) Catalog and Study Tools A-Z Partner Offers 240 O Rental Options AS 200 AD College Success Tips Career Success Tips 160 AS ? Help PRICE LEVEL 120 Give Feedback BC AD bongo 40 0 0 200 400 600 800 1000 1200 OUTPUT (Billions of dollars) A+ In the long run, as a result of the increase in government spending, the price level , the quantity of output the natural level of output, and the unemployment rate the natural rate of unemployment. estmt_2020-12-16.pdf estmt_2021-01-14.pdf eStmt_2021-02-11.pdf Show All X 6 07 6 8 7 X N O W A LI Pr PS A Id Ic Fl Ai DW
