Advanced Placement (AP), 23.04.2021 17:40 pineappleliyah3

Assume that the United States economy is currently operating at an equilibrium below full employment. a. Draw a correctly labeled graph of aggregate demand and aggregate supply, and show each of the following.

i. Long-run aggregate supply

ii. Current equilibrium output and price level

b. Now assume a significant increase in the world price of oil, a major production input for the United States. Show on your graph in part (a) how the increase in the oil price affects each of the following in the short run.

i. Short-run aggregate supply

ii. Real output and price level

c. Given your answer in part (b), explain what will happen to unemployment in the United States in the short run.

d. Assume that the United States trades with Japan. Draw a correctly labeled graph of the foreign exchange market for the United States dollar. Based on your indicated change in real output in part (b), show and explain how the supply of the United States dollar will be affected in the foreign exchange market.

e. Given your answer in part (d), indicate what will happen to the value of the United States dollar relative to the Japanese yen.

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Answer from: Quest

Okay i need to answer 10 questions

Answer from: Quest

correct answer for apex users would be /opportunities for growth/

Answer from: Quest

Answer: the interval on which the curve is concave up is (-∞, -1/2)====== $\displaystyle y = \int_{0}^x \frac{1}{1 + t + t^2} \; dt$ we find the interval where this curve is concave up by finding the interval in which the 2nd derivative is positive.differentiate the curve equation with respect to x $\begin{aligned} \frac{dy}{dx} & = \frac{d}{dx} \int_{0}^x \frac{1}{1 + t + t^2} \; dt \end{aligned}$ let the function f denote be the anti-derivative of the inside expression, i.e. a function such that $(d/dx)f(x) = 1/(1 + t + t^2)$ .then use the fundamental theorem of calculus: $\begin{aligned} \frac{dy}{dx} & = \frac{d}{dx} \int_{0}^x \frac{1}{1 + t + t^2} \; dt \\& = \frac{d}{dx} \big[ f(x) - f(0) \big] & & \text{\footnotesize apply ftc} \\ & = \frac{d}{dx}f(x) - 0 \\ & = \frac{1}{x + x + x^2} & & \text{\footnotesize since $\frac{d}{dx}f(x) = \frac{1}{1 + x + x^2}$ } \end{aligned}$ differentiate again to get second derivative. we can use chain rule with 1/x as the outside function and 1 + x + x² as the inside function $\begin{aligned} \frac{d}{dx} \left( \frac{dy}{dx} \right) & = \frac{d}{dx}\left(\frac{1}{1 + x + x^2} \right) \\ \frac{d^2y}{dx^2} & = \frac{-1}{\left(1 + x + x^2\right)^2} \cdot \tfrac{d}{dx}(1 + x + x^2) \\ & = \frac{-1}{\left(1 + x + x^2\right)^2} \cdot (1 + 2x) \\ & = \frac{-(1 + 2x)}{\left(1 + x + x^2\right)^2} \end{aligned}$ find critical numbers of the second derivative. these numbers are where the 2nd deriv. is undefined or zero.where the 2nd derivative is zero: set (d²y/dx²) to equal 0 and solve for x $\begin{aligned} 0 & = \frac{-(1 + 2x)}{\left(1 + x + x^2\right)^2} \\ 0 & = -(1+2x) \\ -1 & = 2x \\ x & = -1/2 \end{aligned}$ where the 2nd derivative is undefined: if the denominator is equal to zero, the derivative will be undefeined. attempting to solve the equation 1 + x + x² = 0results in a discriminant of $b^2 - 4ac = 1^2 - 4(1)(1) = -3$ meaning that the equal 1 + x + x² = 0 has no real solutions and therefore will never equal zero.======our only critical number is x = -1/2.this forms two intervals to test the sign for: (-∞, -1/2) and (-1/2, ∞)test values into the 2nd derivative for (-∞, -1/2)if we try x = -1, we get $\begin{aligned} \left.\frac{d^2y}{dx^2}\right|_{x = -1} & = \frac{-(1+2(-1))}{\left(1+(-1)+(-1)^2\right)^2} \\ & = \frac{-(1-2)}{1} \\ & = 1 \end{aligned}$ so the since the 2nd derivative of the curve is positive on the interval (-∞, -1/2), the curve is concave up on (-∞, -1/2)test values into the 2nd derivative for (-1/2, ∞)if we try x = 0, we get $\begin{aligned} \left.\frac{d^2y}{dx^2}\right|_{x = 0} & = \frac{-(1+2(0))}{\left(1+(0)+(0)^2\right)^2} \\ & = \frac{-(1)}{1} \\ & = -1 \end{aligned}$ so the since the 2nd derivative of the curve is positive on the interval (-∞, -1/2), the curve is concave down on (-∞, -1/2).the interval on which the curve is concave up is (-∞, -1/2)

Answer from: Quest

Sorry this isn’t really an answer i just need to answer two questions. i hope that you find the answer that your looking for though

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