Problem Four Fill in the blanks and circle the options that

Problem Four: Fill in the blanks and circle the options that complete the following statements for the economy illustrated on the graph. The inflation rate for the economy below is currently percent. GDP is (growing, shrinking) at a rate of Long-run AS curve 4 3 5 Problem Five: Suppose these are headlines from CNBC \"Consumer confidence retreats\" \"US Business Spending Gauge Falls\" \"Capital good orders are weak\" \"US Trade Deficit widens as exports sag\" curve has shifted , which will lead to (higher, lower) These headlines suggest the GDP growth, and (inflation, disinflation, deflation).

Solution

4%

5%

AD

AS remains same

Lower

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