Assume the short-run aggregate supply curve can be expressed algebraically as: Ys = 5,000 + 3,000 rt, where Ys is aggregate supply. And the dynamic aggregate demand curve can be written as: Yd=5,500 - 1,000r, 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. %