Price Level
200
110
(A)
Price Level Real GDP
110
275
100 250
95 | 225
90
200
(B)
Price Level Real GDP
100
225
100 250
100
275
points
100
100
Real GDP
225
225
225
225
Boo
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Bulerer
3. Which set of doto illustrates aggregate supply in the immediate short run in North Vaudeville?
The data in B
Which set of doto ilustrates aggregate supply in the short run in North Vaudeville?
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Which set of data illustrates aggregate supply in the long run in North Vouceville?
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b. Assuming no change in nours of work. If real outout per hour of work increases by 10 percent. what will be the new levels of reo
GDP in the right column of A?

Afirm wants to hire a project manager (pm) at a salary of $100,000. 30% of pms have high ability, and 70% of pms have low ability. high ability pms generate $120,000 in revenue and low ability pms generate $80,000 in revenue. in addition to differences in productivity, high and low ability pms have different outside offers. if a high ability pm is not hired by the firm, she can work for another company at a salary of $80,000. if the low ability pm is not hired by the firm, she can work for another company for $70,000. high ability pms are also able to get a project management professional (pmp) certification at a cost of $1,000. low ability pms are unable to get a pmp certification (they would fail the test). the firm is not able to observe a pm’s ability, but is able to observe and verify whether or not the pm has a pmp certificate.(a) draw the extensive form of the game.expert answer