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Mathematics, 05.12.2019 06:31 daphnevlogs11

2. advanced analysis suppose that the equation for a par-

ticular short-run as curve is p = 20 + 0.5q, where p is the

price level and q is real output in dollar terms. what is if the

price level is 120? suppose that the q in your answer is the full-

employment level of output. by how much will q increase in

the short run if the price level unexpectedly rises from 120 to

132? by how much will q increase in the long run due to the

price level increase? l018.1

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Answers: 1

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2. advanced analysis suppose that the equation for a par-

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