Essay About Amount Of Aggregate Demand And Short-Run Aggregate Supply Curve

Compute Aggregate Demand
Chapter 8. Problem 1 (a through e)
Compute Aggregate Demand
Y= Real GDP
Ap = the amount of autonomous planned spending that is independent of the interest rate = 5000
Ms = the nominal money supply = 2,000
P = price level
W = nominal wage rate = 50
Yn = natural real GDP = 11,250
(a)Compute the amount of Aggregate Demand when the price level equals 2.0, 1.25, 1.0, .8, and .5
AD: Y = 1.25Ap + 2.5Ms/P
(b) Derive the equation for the short-run aggregate supply curve given the nominal wage rate = 50.
Chapter 8. Problem 1 (a through e)
Compute Aggregate Demand
Y= Real GDP
Ap = the amount of autonomous planned spending that is independent of the interest rate = 5000
Chapter 8. Problem 1 (a through e)
Compute Aggregate Demand
Y= Real GDP
Ap = the amount of autonomous planned spending that is independent of the interest rate = 5000
Ms = the nominal money supply = 2,000
P = price level
W = nominal wage rate = 50
Yn = natural real GDP = 11,250
(a)Compute the amount of Aggregate Demand when the price level equals 2.0, 1.25, 1.0, .8,