Assume the short-run aggregate supply curve can be expressed algebraically as: VS = 4,200 + 4,00011', where Y5 is aggregate supply. And the dynamic aggregate
Assume the short-run aggregate supply curve can be expressed algebraically as: VS = 4,200 + 4,00011', where Y5 is aggregate supply. And the dynamic aggregate demand curve can be written as: Yd: 4,300 LOO-Orr, where Yd is aggregate demand. Find the numerical value for equilibrium output, Y, in the short run. Find the numerical value, in percent, for the short-run inflation rate, Tl'. Instructions: Enter your response as a whole number. S96
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