Aplia: Student Question x CDcourses aplia.com/at servlet/quiz?quiz action-takeQu

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Aplia: Student Question x CDcourses aplia.com/at servlet/quiz?quiz action-takeQuiz&quiz; probGuid-Q4PLC0A801 01 00000030da8a70050000&ct; =asoka2000 0074&ck-2-1467660710822; 0AAA055801553B576A8C0BD30000 : Apps Nothing s Free Da Ambition vs Disconte California Real Estate Power Real Estate In p a Principles of Account Chess Traps: Bobby F 0 Mark Cuban & Tai Lo How to nvest during O Ten Commandment Current Fund Docume rice Level (Index number) 160 120 80 60 40 Real output Supplied (Biilions of doliars) (Billions of dollars) 160 140 110 70 Real output Demanded (Billions of dollars) 70 140 On the following graph, use the blue points (circle symbols) to plot the aggregate demand (Initial AD) curve for the economy. Then use the orange points (square symbols) to plot the short-run aggregate supply (SRAS) curve for the economy Note: Line segments will automatically connect the points 200 Initial AD 160 120 SRAS S 80 New AD 0 40 Session Timeout 51:53 I'm Cortana. Ask me anything 12:39 PM 7/4/2016

Explanation / Answer

Graph is correct.

1. Equilibrium price = 60

2. Equilibrium quantity = 70 billion

3. Increases

4. $ 60 billion because Total Change in output = Initial change in spending X Multiplier = 10 billionX 6 = 60 billion

5. reinforces

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