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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Show transcribed image text Quantitative Literacy Assignment Aggregate Supply & Aggregate Demand Consider the table below for the aggregate demand (AD) for and the aggregate supply (AS) of goods and services in the United States. On the grid below, carefully plot both the AD and the AS curves of the U.S. economy. (Use the EXCEL to plot the graph on a separate sheet if possible, but not required. Use a title for your graph and label the axes and curves; Use the X axis for Real GDP and the Y axis for the price level.). Calculate the slope of the AD curve using the data in the table/graph. Calculate the slope of the AS curve using the data in the table/graph. Use 3-4 well-written sentences and numerical examples from the table for the each of the following two questions. Explain the slope of the AD curve based on the "wealth effect." Explain the slope of the AS curve based on the "sticky input price effect."...
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