Try another version of these questions The graph below shows the AD-AS diagram for Spain. Suppose that the economy is initially in long-run equilibrium with the price level of 900 (Red AD and SRAS curves). Now suppose that housing market boom.
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 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 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 As a result of this event, what is the new long-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
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity