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(Solved): The table below shows an aggregate demand and aggregate supply schedule for the country of Singsvill ...
The table below shows an aggregate demand and aggregate supply schedule for the country of Singsville in 2011, and is currently at equilibrium. Price level Aggregate Demand Short-Run Aggregate Supply $1025 $1100 $1175 $1250 $1325 $1400 $1475 80 90 100 110 120 130 140 $1355 $1320 $1285 $1250 $1215 $1180 $1145 Furthermore, suppose that long-run output in Singsville is $1210. What is the most appropriate policy response in this situation? OCut spending OIncrease spending OIncrease oil prices OReduce input prices
The rable below shows an aggregate demand and aggregate supply schedule for che country of Singsville in 2011 , and is currencly at equilibrium. Furthermore, suppose that long-run output in Singsville is . What is the mot appropriate policy responve in this situation? Cut spending Increase spending Increase oil prices OReduce input prices