Aggregate Supply Curves (2)

question 69

Essay

Aggregate Supply Curves (2)
-On the graph above,
(a)draw the new short-run aggregate supply curve that results when the economy has been at point 2 for one period,ceteris paribus (do not label the new output level or inflation rate)
(b)on the original AS curve,add a point "3" where output is 10.5.On the vertical axis,label the rate of inflation that corresponds to output of 10.5.
(c)draw the new short-run aggregate supply curve that results when the economy has been at point 3 for one period,ceteris paribus (do not label the new output level or inflation rate)

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