Exhibit 9-4 Refer to Exhibit 9-4. Assume the economy is self-regulating and currently is in long-run equilibrium with the price
level equal to P5. If something happens that shifts the AD curve to the AD1 position, the economy will eventually settle down at a long-run equilibrium point of __________. Question 6 options: P5, Q3. P4, Q4. P3, Q3. P3, Q5. P4, Q2.
1 answer:
Answer:
<h3>P3 and Q3 </h3>The intersection of AD curve and the long-run aggregate supply curve determines the equilibrium real GDP and price level in the long run.This happens at P3 and Q3.
Explanation:
Exhibit 9-4 Refer to Exhibit 9-4.
Assume the economy is self-regulating and currently is in long-run equilibrium with the price level equal to P5.
If something happens that shifts the AD curve to the AD1 position, the economy will eventually settle down at a long-run equilibrium point of __________. Question 6 options: P5, Q3. P4, Q4. P3, Q3. P3, Q5. P4, Q2.
<h3>P3 and Q3 </h3>The intersection of AD curve and the long-run aggregate supply curve determines the equilibrium real GDP and price level in the long run.This happens at P3 and Q3.
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Answer:
withdraw amount = 28532.45
so correct option is a. $28,532
Explanation:
given data
present amount = $275,000 bonus
interest rate = 8.25% per year = 0.0825
time period = 20 year
solution
first we get here Cumulative discount factor that is
Cumulative discount factor = .........................1
here r is rate and t is time period
put here value and we will get
Cumulative discount factor =
solve it we get
Cumulative discount factor = 9.638148
and now we get so here withdraw amount at the end of each of the next 20 years that is
withdraw amount = Present amount ÷ cumulative discount factor ............2
put here value
withdraw amount =
solve it we get
withdraw amount = 28532.45
so correct option is a. $28,532