What is the new GDP in the short-run as a result of this shift?What is the new price level in the short-run as a result of this shift?What is the price level in the new long-run equilibrium as a result of this shift?What is GDP in the new long-run equilibrium as a result of the shift? The graph below shows the AD-AS diagram for Brazil.Suppose that the economy is initially in long-run equilibrium with the price level of 800.Now suppose that the Aggregate Demand (AD) curve shifts right from AD1 (blue) to AD2 (green).A700600400300200100LRAS100 2 400500600700S001000 1100 12Price Level

As per the inquiry, the given graph speaks to the since quite a while long run and short-run market…

What is the new GDP in the short-run as a result of this shift? What is the new price level in the short-run as a result of this shift? What is the price level in the new long-run equilibrium as a result of this shift? What is GDP in the new long-run equilibrium as a result of the shift?

What is the new GDP in the short-run as a result of this shift? What is the new price level in the short-run as a result of this shift? What is the price level in the new long-run equilibrium as a result of this shift? What is GDP in the new long-run equilibrium as a result of the shift?

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter8: Aggregate Demand And Aggregate Supply

Section: Chapter Questions

Problem 1QP

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Question

What is the new GDP in the short-run as a result of this shift?

What is the new price level in the short-run as a result of this shift?

What is the price level in the new long-run equilibrium as a result of this shift?

What is GDP in the new long-run equilibrium as a result of the shift?

The graph below shows the AD-AS diagram for Brazil.
Suppose that the economy is initially in long-run equilibrium with the price level of 800.
Now suppose that the Aggregate Demand (AD) curve shifts right from AD1 (blue) to AD2 (green).
A
700
600
400
300
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100
LRAS
100 2 400
500
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700
S00
1000 1100 12
Price Level

Definition Video Definition Overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period. Video

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