Question: Can you plot this The Greek letter a represents a number that determines how much output responds to unexpected changes in the price level. In

 Can you plot this The Greek letter a represents a number

Can you plot this

that determines how much output responds to unexpected changes in the price

The Greek letter a represents a number that determines how much output responds to unexpected changes in the price level. In this case, assume that a = $2 billion. That is, when the actual price level exceeds the expected price level by 1,}he quantity of output supplied will exceed the natural w level of output by $2 billion. Suppose the natural level of output is $60 billion of real GDP and that people expect a price level of 100. upply (LRAS) curve. Then use the orange On the following graph, use the purple line (diamond symbol) to plot this economy's long-run aggregate 5 Wing price levels: 90, 95, 100, 105, line segments (square symbol) to plot the economy's short-run aggregate supply (AS) curve at each of the folio and 110

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