Question
The following table shows the aggregate supply and demand data for a country. If input prices increase and AS shifts to the left by 3,000
The following table shows the aggregate supply and demand data for a country. If input prices increase and AS shifts to the left by 3,000 units at each price level.
Price Level | Aggregate Demand | Aggregate Supply |
200 | 10,000 | 4,000 |
300 | 9,000 | 6,000 |
400 | 8,000 | 8,000 |
500 | 7,000 | 8,500 |
600 | 6,000 | 9,000 |
700 | 5,000 | 9,500 |
800 | 4,000 | 10,000 |
What will the new price equal?
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International Development And The Washington Consensus A Pluralist Perspective
Authors: John Marangos
1st Edition
042953485X, 9780429534850
