Try another version of this question The graph below shows the AD-AS diagram for the US. Suppose that the economy is initially in long-run equilibrium with the price level of `700` (Red AD and SRAS curves). Now suppose that dollar depreciates.
As a result of this event what is the new short-run price level?
As a result of this event, what is the new short-run GDP?
As a result of this event, what is the new long-run price level?
As a result of this event, what is the new long-run GDP? Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 2: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 3: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 4: 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