Suppose that the short-run aggregate supply curve is: ?= 2 + 1.5 (Y-10), where ? is inflation and Y is output; and the aggregate demand curve is Y= 11 - 0.5?. The equilibrium output is and the equilibrium inflation rate is %

A) 10; 2
B) 17.5; 2
C) 2; 10
D) 10; 7.5

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What are the major risks facing multinational corporations?

What will be an ideal response?

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Economics

The price elasticity of supply for the market-day supply curve of fish is

a. equal to zero b. equal to one c. less than one d. more than one e. less than zero

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Economics

Suppose that the short-run aggregate supply curve is: ?= 2 + 1.5 (Y-10), where ? is inflation and Y is output; and the aggregate demand curve is Y= 11 - 0.5?. The equilibrium output is ________ and the equilibrium inflation rate is ________ %