please explain it as soon as possible
signment 2 i n=conelexternal_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/question Saved 1 Help Save & Exit Check my Price Index Aggregate Quantity Supplied 1 (AS1) ($) Aggregate Quantity 65* Demanded 1 (AD1 ) ($) Aggregate Quantity Demanded 2 (AD2 ) ($) Aggregate Quantity 70* 260 Supplied 2 (A52) ($) 190 90 $90 Ints 75 240 150 170 150 220 80 150 200 220 200 130 85 260 eBook 240 180 110 280 90 270 160 90 295 95 290 140 70 305 Referen es 100 320 120 50 320 ("The price level is inflexible downwards at $70 for AS, and at $65 for AS2) a. In the graph below draw AS1 , AD, and LAS. Using the tool provided plot only the endpoints of AD1. For AS1 plot all the 8 points. Plot only the endpoints of LAS. Once all points have been plotted, click on the line (not individual points) and a tool icon will pop up. You can use this to enter exact co- ordinates for your points as needed. The Economy of Everton Tools 110 Prev 1 of 5 Next > Show all 5:26 PM 2jp9 6 0 1x ff ENG 2020-07-28 M P W O Type here to search DELL\fAssignment 2 i Ex.film?_con=con&external_browser=0&launchUrl=https%253A%2525%252Fnewconnect.mheducation.com%252F#/activity/question.. Saved Help Save & Exit Sub b. Assuming the original AD1, the equilibrium value for the price level is 80 and equilibrium real GDP is $ 200 Check my work 10 c. Suppose that aggregate demand in Everton decreased by 70. Complete the table above showing the new demand, AD2. Points d. Draw a new AD2 curve in the graph above to show this change. Plot only the endpoints of AD2. eBook e. The new equilibrium value for the price level is | 75 and equilibrium real GDP is now $ 150 Print f. There now a recessionary ~ |gap of $ 50] References g. Put a check mark next to each of the following factors that could have caused the decrease in demand that you illustrated in part (c). You may select more than one answer. Click the box with a check mark for correct answers and double click to empty the box for the wrong answers . increased exports 7 higher taxes 2 higher interest rates 2 lower government spending Prev 1 of 5 Next > Show all X 2jpg 0 4x ENG 5:26 PM 2020-07-28 P W O Type here to search DELLAssignment 2 i index.html?_con=con&external_browser=0&launchUrl=https%253A%2525%252Fnewconnect.mheducation.com%252F#/activity/question.. Saved Help Save & Exit Submit 1. I nere now | a recessionary ~ | yap UI > Check my work g. Put a check mark next to each of the following factors that could have caused the decrease in demand that you illustrated in part (c) wrong answers. You may select more than one answer. Click the box with a check mark for correct answers and double click to empty the box for the O points increased exports eBook ? higher taxes Print References 2 higher interest rates 2 lower government spending h. Assuming the original AD1, suppose that aggregate supply changed as a result of a dramatic decrease in the price of oil as shown by AS2 in the table above. Draw the new AS2 in the graph above. Plot all the 8 points. i. The equilibrium value for the price level is now | LAS and equilibrium real GDP is now $ 20] There is now a recessionary | gap of $ Prev 1 of 5 Next > Show all 5:26 PM 2jPS 1 0 ENG 2020-07-28 Hjp9 P W O 9 ype here to search DELL
