Safari File Edit View History Bookmarks Window Help M O Q g Fri Apr 7 2:23 AM ng.cengage.com C 88 0.25 G multiplier economics equation.. C Mind Tap - Cengage Learning D2L Link to MindTap online assignm.. Mind Tap - Cengage Learning Dashboard + / - % CENGAGE | MINDTAP Q Search this course ? Ameer v 9 Homework 11: Chapter 17 X X 1. Aggregate demand, aggregate supply, and the Phillips curve 5 6 In the year 2028, aggregate demand and aggregate supply in the fictional country of Drooble are represented by the curves AD2028 and AS on the following graph. The price level is 102. The graph also shows two possible outcomes for 2029. The first potential aggregate-demand curve is given by 3 A-Z the ADA curve, resulting in the outcome illustrated by point A. The second potential aggregate-demand curve is given by the ADB curve, resulting in O the outcome illustrated by point B. (?) 108 bongo 107 AS 106 105 104 PRICE LEVEL A+ AD 2028 103 ADB 102 ADA 101 100 0 2 6 8 10 12 14 16 OUTPUT (Trillions of dollars)Safari File Edit View History Bookmarks Window Help M O Q g Fri Apr 7 2:23 AM . . . > ng.cengage.com C 88 0.25 G multiplier economics equation.. C Mind Tap - Cengage Learning D2L Link to MindTap online assignm.. Mind Tap - Cengage Learning Dashboard + / - % CENGAGE | MINDTAP Q Search this course ? Ameer v 9 X Homework 11: Chapter 17 X (?) 5 6 3 A-Z O Outcome A Outcome B INFLATION RATE (Percent) + Phillips Curve bongo N 2 3 UNEMPLOYMENT RATE (Percent) A+ Suppose that the government is considering enacting an expansionary policy in 2028 that would shift aggregate demand in 2029 from ADA to ADB . This would cause a the short-run Phillips curve, resulting in in the inflation rate and in the O unemployment rate. Grade It Now Save & Continue 1+ 1 .1 . Continue without saving