Answer: Hiccup is crowned king, and ends the war that he started between dragons and humans, but Furious dies Taking the Bullet from him, Snotlout is dead, and when Hiccup is an old man the dragons go into hiding to stay safe from humans.
Explanation:
A) Draw an aggregate supply and demand curve that illustrates the economy mentioned above. Label equilibrium output Yp and Price Level P1
B) Assume government spending increase 1000%. Show what happens to the economy in the short run. Be sure to label any new curves, output, and price levels.
(i) Identify which curved shifted and whether it increased or decreased.
(ii) Identify whether a recessionary or inflationary gap has occurred.
(iii) Identify if any demand pull inflation, cost push inflation, or stagflation has occurred.
C) On the same graph, show and explain how the graph will eventually “self correct” back to long run equilibrium.
A)The aggregate supply and demand curve illustrating the economy is shown below. Equilibrium output Yp is where the aggregate supply and aggregate demand curves intersect, and the price level P1 is the corresponding price level.
What is Aggregate ?
Aggregate is a term used to describe a collective amount of data that is compiled together into a single figure or set. Aggregates can be used to describe a variety of data, such as financial information, population statistics, sales figures, or any other type of data set. Aggregates are used to analyze large amounts of data in order to identify patterns, trends, and correlations. Aggregates can help to identify relationships between various data points and provide a better understanding of a given data set.
Aggregate Supply Curve:
Price Level P1 | Output Yp
Aggregate Demand Curve:
Price Level P1 | Output Yp
B)
The government spending increase of 1000% causes the aggregate demand curve to shift to the right, meaning that aggregate demand increases. The new equilibrium output is Y2, and the new price level is P2. A recessionary gap has occurred, as output is below the potential output of Yp. This is also an example of demand pull inflation, as an increase in aggregate demand has caused a rise in the price level.
Aggregate Supply Curve:
Price Level P1 | Output Yp
Aggregate Demand Curve (after the increase in government spending):
Price Level P2 | Output Y2
C)
The economy will eventually “self correct” back to the long run equilibrium. As the price level increases, firms will increase their production to meet.
To learn more about Aggregate
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What are the steps being taken right now to protect the pelicans? Who is supporting and not supporting?
Answer:
advanced
Explanation:
greenpees support all other dont mind