Please let me know if you need any clarification. I'm always happy to answer your questions.Please let me know if you need any clarification. I'm always happy to answer your questions.

Complete the exercise on page 144. The first graph depicts a recessionary gap; explain how you filled in the blanks accompanying this graph. The second graph depicts an inflationary gap; explain how you filled in the blanks accompanying this graph.

Aug 3rd, 2015

Can you please do this question as well :

Complete the exercise on page 144. The first graph depicts a recessionary gap; explain how you filled in the blanks accompanying this graph. The second graph depicts an inflationary gap; explain how you filled in the blanks accompanying this graph.

Aug 3rd, 2015

Complete the exercise on page 128. For each event listed, indicate whether aggregate demand (AD) or short-run aggregate supply (SRAS) shifted and whether the shift was to the right or to the left. In each case, explain how the shift changed the equilibrium price level, the equilibrium level of real output, and the unemployment rate (rise or fall).