Sub : EconomicsPls answerin 15 mins.Dnt CHATGPT.I ll upvote. Thank You An article in the New York Times in early 2015 stated that economists at the Federal Reserve were forecasting that "real GDP would expand at a faster pace than potential output in 2015 and that the inflation rate during 2015would be about 1 percent.Source: Reuters, "Factbox: Fed Staff Forecasts From FOMC Minutes," New York Times, April 8, 2015.Fill in the missing values in the table with estimates that are consistent with these forecasts. Assume that the growth rate for real GDP between 2015 and 2016 is 0.21 percentage points higher than the percentage change inpotential output between those years (rounded to two decimal places).Real GDPPotential GDPGDP Deflator(Enter your responses rounded to one decimal place.)Use a dynamic aggregate demand and aggregate supply graph to explain your calculations.The long-run aggregate supply curve will shift to theThe aggregate demand and short-run aggregate supply curves willA. shift to the right but by more than the long-run aggregate supply curve.OB. shift to the right but by less than the long-run aggregate supply curve.OC. shift to the right by the same amount as the long-run aggregate supply curve.OD. not shift.2015$16.7 trillion$16.8 trillion119.22016$ trillion$17.1 trillion|| Furthermore, the demand curve will shift to the right byThe new short-run equilibrium will be wherethan the short-run aggregate supply curve.O A. the new aggregate demand curve intersects the new short-run aggregate supply curve, on the new long-run aggregate supply curve.O B. the new aggregate demand curve intersects the new short-run aggregate supply curve, to the right of the new long-run aggregate supply curve.O c. the new aggregate demand curve intersects the new short-run aggregate supply curve, on the original long-run aggregate supply curve.O D. the new aggregate demand curve intersects the new short-run aggregate supply curve, to the left of the new long-run aggregate supply curve.

The real GDP is the price adjusted total value of all goods & services produced in a given…

An article in the New York Times in early 2015 stated that economists at the Federal Reserve were forecasting that "real GDP would expand at a faster pace than potential output in 2015 and that the inflation rate during 2015 would be about 1 percent. Source: Reuters, "Factbox: Fed Staff Forecasts From FOMC Minutes," New York Times, April 8, 2015. Fill in the missing values in the table with estimates that are consistent with these forecasts. Assume that the growth rate for real GDP between 2015 and 2016 is 0.21 percentage points higher than the percentage change in potential output between those years (rounded to two decimal places). Real GDP Potential GDP GDP Deflator (Enter your responses rounded to one decimal place.) Use a dynamic aggregate demand and aggregate supply graph to explain your calculations. The long-run aggregate supply curve will shift to the The aggregate demand and short-run aggregate supply curves will OA. shift to the right but by more than the long-run aggregate supply curve. OB. shift to the right but by less than the long-run aggregate supply curve. OC. shift to the right by the same amount as the long-run aggregate supply curve. O D. not shift. 2015 $16.7 trillion $16.8 trillion 119.2 2016 $ trillion $17.1 trillion 0

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter14: Money And The Economy

Section: Chapter Questions

Problem 8QP