Suppose That the Short-Run Aggregate Supply Curve Is: π= 2

question 40

Multiple Choice

Suppose that the short-run aggregate supply curve is: π= 2 + 1.5 (Y-10) ,where π is inflation and Y is output;and the aggregate demand curve is Y= 11 - 0.5π. The equilibrium output is ________ and the equilibrium inflation rate is ________%.

• A)10;2
• B)17.5;2
• C)2;10
• D)10;7.5

Understand how to analyze and prepare the statement of cash flows.

Identify the impact of cash dividends, property, plant, and equipment transactions, and stock activities on the statement of cash flows.

Determine cash provided by or used in operating activities using given financial information.

Calculate free cash flow from provided data.

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