The grand on the right shows the economy in a long run equilibrium point I know soon that there is a large increase in demand for US exports 1.parentheses use the line drawing tool to show the result short run equilibrium on your diagram label any new aggreate demand and aggregate supply curve as AD2, sras2 or lras2 as appropriate. Two. Use the point drawing tool to locate a new short run equilibrium point labeled this point be not consider the adjustments of the economy back to the long-run equilibrium 3.) use the line drawing tool to show the resulting long-run equilibrium on your diagram label any new and aggregate demand or aggregate supply curve appropriately. 4.) use the point drawing tool to locate the new long-run equilibrium point label this point C.
Question 1.) At the new short run equilibrium the unemployment rate will[] ( reamin unchanged or be higher, or lower) Compared to the unemployment rate and the initial equilibrium prior to the increase in exports.
Question 2.) which of the following best explains how the economy will just back to long-run equilibrium?
A.) Aggregate demand will increase restoring the original equilibrium price and quantity.
B.) Aggregate demand will decrease her store near additional delivery in price and quantity.
C.) short run aggregate supply will increase shift upward as firms and workers adjusting the price level.
D.) short run aggregate supply will decrease shift left ward as firms and worker adjust to new price level.
Question 3.) at the new long-run equilibrium
A.) Real GDP and the unemployment rate will remain the same but price level will be hired compared to the initial equilibrium prior to the increase in exports.
B.) Real GDP and prices will be higher and the unemployment rate will be lower compared to the initial equilibrium prior to the increased exports
C.) Real GDP in unemployment rate and the price level all will remain the same compare the initial equilibrium prior to the increase in exports.
D.) Real GDP in the price level will be higher but the unemployment rate will remain the same compare to the initial equilibrium prior to the increase in exports.