Question: 3. new aggregate output 4. name the macroeconomic problem that was caused by the decrease in AD curve: i using the Price level in question

3. new aggregate output 4. name the macroeconomic problem that was caused by the decrease in AD curve: i using the Price level in question n, to determine the new real wage (W) where (answer: w=W/PL)=($5500/labor1.08)=$5093/ la 1 new quantity demanded for labor = 2. new quantity supplied for labor= 3. Name the problem in the labor market Cyclical Unemployment problem since quantity of labor demanded is less than () quantity of labory supplied j. In the long-run the SRAS will shift to SRASI as laborer compete for jobs by accepting lower Money wages. Now determine the following 1. New equilibrium price level = 2. Aggrege output demanded = 3. Aggregate output supplied = 4. New equilibrium real wage ( we) = (hint: there is a equilibrium new money wage and new equilibrium price level) 5. quantity of labor supplied = 6. quantity of labor demanded = 7. name the macroeconomic problem that exists at the new equilibrium: 84,739 MAY 14 MacBook Air 20 Q F2 F3 F4 F5 F6 F7 & * @ $ % 7 8

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