I have an assignment
I am given gdp unemployment rate and inflation in numbers
I don%26#039;t know what to do next it says
using the as-ad model illustrate an economy that is in long run equilibrium .
on your diagram illustrate economic growth show or state what happens to gdp and the price level
on a new diagram illustrate a short run equilibrium with a recessionary gap.
I am doing the united states so
gdp:13.86 trillion
unemployment 4.6%
inflation 2.7%
Now I don%26#039;t know what to do with these numbers please help me.
p.s Don%26#039;t tell me I have to make a graph I%26#039;m not that dumb I need to know where they go and a simple plan on what I am to do.
Macroeconomics help?no fax loan
Oh man. Im sorry lol
I had 2 do the same exact thing last year in high skool in Economics. Both micro %26amp; macro.
I sucked at it tho.
It was sooo confusing!!
So i know where youre coming from.
Dont u have a textbook for the class??
Inside it Shud have the steps to do the graph.
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