Question: I dont know to solve this Refer to the table given below. Suppose that aggregate demand increases such that the amount of real output demanded

I dont know to solve this

I dont know to solve this Refer to the table given below.

Refer to the table given below. Suppose that aggregate demand increases such that the amount of real output demanded rises by $7 billion at each price level. Real Output "amended uni-1:131 a. By what percentage will the price level increase? percent b. Will this inflation be demandpull inflation or will it be costpush ination? Demand-pull inf 3 c. If potential real GDP (that is, full-employment GDP) is $510 billion, what will be the size of the positive GDP gap after the change in aggregate demand? $ |:| billion d. If the government wants to use scal policy to counter the resulting inflation without changing tax rates, would it increase government spending or decrease it? Decrease 3

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