question 26 - draw a curve to show effect Sr MSN.com Hotmail. Outlook. Chamberla

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question 26 - draw a curve to show effect

Sr MSN.com Hotmail. Outlook. Chamberlain University XWeek 5: MEL HomeworkX Do Homework - Pamela Harris X https://wwww.mathxl.com/Student/PlayerHomework.aspx?homeworkld Q Search Principles of Economics Pamela Harris 11/24/17 11:59 AM Homework: Week 5 Homework 35 pts Save Score: 0 of 1 pt 26 of 35 (24 complete) HW Score: 67.62%, 23.67 of 35 pts Instructor Assignable 2 Question Help * The United States is at full employment. Suppose that union wage settlements push the money wage rate upward by 10 percent. Draw a curve to show the effect of this event on aggregate supply. Label it AS Price level (GDP detlator, 2009-100) Potential GDP 8.5 99.51010.5 1111.5 (9.5,70) >> Draw only the objects specified in the question Real GDP (trillions of 2009 dollars) Click the graph, choose a tool in the palette and follow the instructions to create your graph. Clear All Check Answer 1:59 PM Type here to search 11/24/20173

Explanation / Answer

Shift the aggregate supply curve paralelly upward such that it intersect the potential GDP at a price level of 110.

Shift the AS upward by 10.

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