The aggregate supply equation is Y = Y + (P EP). Assume that Y is 2,000,
Fantastic news! We've Found the answer you've been seeking!
Question:
The aggregate supply equation is Y = Y + α(P – EP). Assume that Y is 2,000, α = 200, P = 1.12 and EP = 1.00. What is the value of Y?
A) 2,232
B) 2,024
C) 2,400
D) 2,012
Related Book For
Business Statistics for Contemporary Decision Making
ISBN: 978-0470910184
6th Edition
Authors: Ken Black
Posted Date: