Assume that a countrys economy is in long-run equilibrium. a. Using a correctly labeled graph of
aggregate demand, short-run aggregate supply, and long-run aggregate supply, show the short-
run equilibrium price level, labeled PL1, and output level, labeled Y1. b. Assume that increased
uncertainty has reduced business orders for equipment. What is the impact of the change in
business orders on each of the following in the short run? i. Aggregate demand. Explain. ii.
Employment c. Based on the change in.
General Principles of Intellectual Property: Concepts of Intellectual Proper...
Assume that a countrys economy is in longrun equilibrium .pdf
1. Assume that a countrys economy is in long-run equilibrium. a. Using a correctly labeled graph of
aggregate demand, short-run aggregate supply, and long-run aggregate supply, show the short-
run equilibrium price level, labeled PL1, and output level, labeled Y1. b. Assume that increased
uncertainty has reduced business orders for equipment. What is the impact of the change in
business orders on each of the following in the short run? i. Aggregate demand. Explain. ii.
Employment c. Based on the change in
