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I would like to know how to graph questions 5 6 7 Part 2 - Put It Together- The graph below shows the percent change
I would like to know how to graph questions 5 6 7
Part 2 - Put It Together- The graph below shows the percent change in Real GDP for the US between 2005-2013. Use the graph to answer the following questions. FRED - Real Gross Domestic Product 5.0 2. 0.0 Percent Change from Preceding Period -2.5 5.0 -7.5 -10.0 2005 2007 2008 2009 2010 2011 2012 5. Draw aggregate demand (AD), aggregate 6. Draw the short-run Phillips curve (SRPC) supply (AS), and long-run aggregate and long-run Phillips curve (LRPC) for the (LRAS) for the year 2009. Label price year 2009. Label a point on your graph "A" level PL,: the output Y, and the that represents the state of the economy in full-employment output YF- 2009. 7. The American Recovery and Reinvestment Act (ARRA) was passed in February 2009. Show the intended result of the ARRA on both the AD/AS model and the Phillips curve model. On the AD/AS model, label the new price level PL, and the output, Y, . On the Phillips curve, label the state of the economy point "B"Step by Step Solution
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