# Question: Assume the short run aggregate supply curve can be expressed algebraically

Assume the short-run aggregate supply curve can be expressed algebraically as

Y = 4,800 + 3,000π

and the dynamic aggregate demand curve can be written as

Y = 5,000 – 1,000π.

Find the numerical value for equilibrium output in the short run? Find the numerical value for the short-run inflation rate?

Y = 4,800 + 3,000π

and the dynamic aggregate demand curve can be written as

Y = 5,000 – 1,000π.

Find the numerical value for equilibrium output in the short run? Find the numerical value for the short-run inflation rate?

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