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28 Sep 2019
Determine the effect on either the aggregate demand curve (is it a rightward or a leftward shift?), the aggregate short-term supply curve, and the long-term aggregate supply curve (does the upward sloping portions of the SAS curve shift left or right, or does the vertical portion of the LAS curve shift to the right or the left?). Also determine the effect on the price level, the real output level, and employment/unemployment. Provide an explanation and express this graphically using the AS/AD macro model
In 1999, the Brazilian currency, the real, depreciated by 40%. The AS-AD model predicts that this would cause a trade surplus for Brazil and shifted its AD curve right.
Determine the effect on either the aggregate demand curve (is it a rightward or a leftward shift?), the aggregate short-term supply curve, and the long-term aggregate supply curve (does the upward sloping portions of the SAS curve shift left or right, or does the vertical portion of the LAS curve shift to the right or the left?). Also determine the effect on the price level, the real output level, and employment/unemployment. Provide an explanation and express this graphically using the AS/AD macro model
In 1999, the Brazilian currency, the real, depreciated by 40%. The AS-AD model predicts that this would cause a trade surplus for Brazil and shifted its AD curve right.
Chika IlonahLv10
28 Sep 2019
