Try Another Version of These Questions

The graph below shows the AD-AS diagram for Slovenia.

Suppose that the economy is initially in long-run equilibrium with the price level of 900 (Red AD and SRAS curves).

Now suppose that federal government increases spending.

As a result of this event what is the new short-run price level?

Hint

Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172

Enter DNE for Does Not Exist, oo for Infinity

As a result of this event, what is the new short-run GDP?

Hint

Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172

Enter DNE for Does Not Exist, oo for Infinity

As a result of this event, what is the new long-run price level?

Hint

Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172

Enter DNE for Does Not Exist, oo for Infinity

As a result of this event, what is the new long-run GDP?

Hint

Enter DNE for Does Not Exist, oo for Infinity