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Assume the short-run aggregate supply curve can be expressed algebraically as: Ys=3,500 + 3,000rr, where Ys is aggregate supply. And the dynamic aggregate demand curve
Assume the short-run aggregate supply curve can be expressed algebraically as: Ys=3,500 + 3,000rr, where Ys is aggregate supply. And the dynamic aggregate demand curve can be written as: Yd=3,700 1,000 , where yd is aggregate demand. Find the numerical value for equilibrium output, Y, in the short run. Instruction: Enter your response rounded to the nearest whole number. Find the numerical value, in percent, for the short-run inflation rate, it Instruction: Enter your response as a percent rounded to one decimal place. %
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