Solved: Suppose that the q in your answer is the full-employment, Dissertation

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Suppose that the q in your answer is the full-employment

Suppose that the equation for a particular short-run AS curve is P = 20 + 0.5Q, where P is the price level and Q is real output in dollar terms.

a. What is Q if the price level is 140?

b. Suppose that the Q in your answer is the full-employment level of output.

By how much will Q increase in the short run if the price level unexpectedly rises from 140 to 160?

By how much will Q increase in the long run due to the price level increase?

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Dissertation: Suppose that the q in your answer is the full-employment

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