The AD-AS graph below illustrates the U.S. economy at the end of 2021. Actual real GDP was $18.4 trillion, and full employment output was $19.3 trillion. On the graph, use the drag tool to illustrate the impact of the 8 million $600 payments by shifting the aggregate demand line or short-run aggregate supply line the in the appropriate direction.

Economics: Private and Public Choice (MindTap Course List)
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ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter9: An Introduction To Basic Macroeconomic Markets
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The AD-AS graph below illustrates the U.S. economy at the end of 2021. Actual real GDP was $18.4 trillion, and full employment
output was $19.3 trillion. On the graph, use the drag tool to illustrate the impact of the 8 million $600 payments by shifting the
aggregate demand line or short-run aggregate supply line the in the appropriate direction.
Transcribed Image Text:The AD-AS graph below illustrates the U.S. economy at the end of 2021. Actual real GDP was $18.4 trillion, and full employment output was $19.3 trillion. On the graph, use the drag tool to illustrate the impact of the 8 million $600 payments by shifting the aggregate demand line or short-run aggregate supply line the in the appropriate direction.
Price level (P)
U.S. Economy 2020
LRAS
SRAS2
AD1
Real GDP (Y)
Transcribed Image Text:Price level (P) U.S. Economy 2020 LRAS SRAS2 AD1 Real GDP (Y)
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