The world’s Largest Sharp Brain Virtual Experts Marketplace Just a click Away
Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | Apr 2017 |
| Last Sign in: | 327 Weeks Ago, 4 Days Ago |
| Questions Answered: | 12843 |
| Tutorials Posted: | 12834 |
MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
Draw an Aggregate Demand-Aggregate Supply graph and indicate the long-run equilibrium.
Â
a) Suppose now that the price of energy unexpectedly goes down. What happens to the SRAS curve? Show your answer on your graph and explain it in words.
Â
b) What happens to output and unemployment when the price of energy unexpectedly goes down? Use your graph and words to explain your answer.
-----------