Suppose that the full employment level of nominal GDP rises in one year from $13.8 to $14.2 trillion. The long-run equilibriu

Question

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Suppose that the full employment level of nominal GDP rises in one year from $13.8 to $14.2 trillion. The long-run equilibriu

m price level, however, remains unchanged at 115. By how much (in real dollars) has the long-run aggregate supply curve shifted to the right from one year to the next? $ nothing trillion. (Round your answer to two decimal places.) By how much, if any, has the aggregate demand curveLOADING... shifted to the right?

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1 answer:

vovikov84 [41] · Answer 1 · 2022-03-30T04:08:19+03:00

Answer: The answer is that, AD has shifted to exactly $0.35 trillion.

Explanation:

It should be noticed that, AD has been shifted to exactly $0.35 trillion (Rounded in two decimal places.) when the the long-run aggregate supply curve shifted to the right from one year to the next.

Suppose that the full employment level of nominal GDP rises in one year from ​$13.8 to ​$14.2 trillion. The​ long-run equilibriu

Suppose that the full employment level of nominal GDP rises in one year from $13.8 to $14.2 trillion. The long-run equilibriu