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Can you help with the following questions based on the graphics of aggregate supply and demand? Please, see instructions below. Thank you. Glossary for set

Can you help with the following questions based on the graphics of aggregate supply and demand? Please, see instructions below. Thank you.

Glossary for set of graphic II (a, b and c):

  1. GPL = General price level
  2. AD = Aggregate demand
  3. GDP = Gross domestic product
  4. LRAS = Long-term aggregate supply
  5. SRAS = Short-term aggregate offer

GRAPHIC l:

image text in transcribedimage text in transcribed
GPL LRAS_1 GPL SRAS 0 LRAS_0 LRAS_0 GPL LRAS_1 SRAS_0 LRAS_1 SRAS_0 120 115 110 112 110 110 102 AD AD_1 AD_1 AD AD_0 13.0 14.0 GDP (Thousands of milions) 11.0 12.0 13.0 GDP (Thousands in Millions) 13.0 15.0 GDP (Thousands in Millions) A B CAnnual Percentage Change SOGANONAOOO Q1- 2004 Q1- 2006 Q1-2008 Q1- 2010 Q1- 2012 [Quarter-Annual] Annual Percentage Change in U.S. Real GDP Q1- 2014 Q1- 2016 Q1- 2018 Q1- 2020

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