Suppose the aggregate demand curve in an economy is Y=10 000-10 000p, current inflation (p) equals 0.06 (6%), and potential output (Y) equals 9400. If, starting from long-run equilibrium, an inflation shock raises inflation to 0.07, in the short run, output will equal and, in the long run, output will equal Select one: O a. 9300; 9400 O b. 9700; 9700 O c. 9300; 9500 O d. 9300; 9700 Physical capital includes all of the following EXCEPT: Select one: Oa. land O b. buildings O c. financial assets O d. capital equipment When a Japanese company purchases a hotel in Byron Bay, Australia, from the perspective of Japan this is a: Select one: Oa. export O b. import O c. capital outflow nd halance on merchandise trade Aa

Principles of Macroeconomics (MindTap Course List)
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Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter22: The Short-Run Trade-off Between Inflation And Unemployment
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Suppose the aggregate demand curve in an economy is Y=10 000-10 000p, current inflation (p) equals 0.06 (6%), and potential output (Y*)
equals 9400. If, starting from long-run equilibrium, an inflation shock raises inflation to 0.07, in the short run, output will equal and, in
the long run, output will equal
Select one:
O a. 9300; 9400
O b. 9700; 9700
Oc. 9300; 9500
d. 9300; 9700
Physical capital includes all of the following EXCEPT:
Select one:
O a.
land
O b. buildings
O c
financial assets
O d. capital equipment
When a Japanese company purchases a hotel in Byron Bay, Australia, from the perspective of Japan this is a:
Select one:
t of
O a.
export
O b. import
Oc.
capital outflow
O d. balance on merchandise trade
Aa
Transcribed Image Text:Suppose the aggregate demand curve in an economy is Y=10 000-10 000p, current inflation (p) equals 0.06 (6%), and potential output (Y*) equals 9400. If, starting from long-run equilibrium, an inflation shock raises inflation to 0.07, in the short run, output will equal and, in the long run, output will equal Select one: O a. 9300; 9400 O b. 9700; 9700 Oc. 9300; 9500 d. 9300; 9700 Physical capital includes all of the following EXCEPT: Select one: O a. land O b. buildings O c financial assets O d. capital equipment When a Japanese company purchases a hotel in Byron Bay, Australia, from the perspective of Japan this is a: Select one: t of O a. export O b. import Oc. capital outflow O d. balance on merchandise trade Aa
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