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May 29, 2015

Homework Help: Economics

Posted by Sarah on Monday, April 2, 2007 at 11:34pm.

1. Suppose there is a stock market crash in Japan. Using a well-labeled graph show the effect in the short run on the equilibrium price level in the U.S.A., equilibrium Real GDP in the Unites States of America, equilibrium unemployment rate in the Unites States of America?

My answers
Equilibrium price level increases in the U.S.A., equilibrium Real GDP in the U.S.A. decreases, equilibrium unemployment rate in the Unites States of America.increases.

Aggregate Demand Curve moves to the left
Aggregate Supply Curve moves to the left

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