Refer to the table below.
real output demanded, billions price level real output supplied, billions
506 112 513
508 106 512
510 100 510
512 94 507
514 88 502
suppose that aggregate demand increases such that the amount of real output demanded rises by $7 billion at each price level.
a) by what percentage will the price level increase? will this inflation be demand-pull inflation or will it be cost-push inflation?
b) if potential real gdp (that is, full-employment gdp) is $510 billion, what will be the size of the positive gdp gap after the change in aggregate demand?
c) if the government wants to use fiscal policy to counter the resulting inflation without changing tax rates, would it increase government spending or decrease it?

Explain whether each of the following events increases, decreases, or has no effect on the unemployment rate and the labor-force participation rate.a. after a long search, jon finds a job.b. tyrion, a full-time college student, graduates and is immediately employed.c. after an unsuccessful job search, arya gives up looking and retires.d. daenerys quits her job to become a stay-at-home mom.e. sansa has a birthday, becomes an adult, but has no interest in working.f. jaime has a birthday, becomes an adult, and starts looking for a job.g. cersei dies while enjoying retirement.h. jorah dies working long hours at the office.

What term is used to describe the outsourcing of logistics? a. shipper managed inventoryb. hollow logistics(smi)c. sub-logisticsd. e-logisticse. third-party logistics (3pl)

Total marketing effort is a term used to describe the critical decision factors that affect demand: price, advertising, distribution, and product quality. define the variable x to represent total marketing effort. a typical model that is used to predict demand as a function of total marketing effort is based on the power function: d = axb suppose that a is a positive number. different model forms result from varying the constant b. sketch the graphs of this model for b = 0, b = 1, 0< b< 1, b< 0, and b> 1. (we encourage you to use excel to do this.) what does each model tell you about the relationship between demand and marketing effort? what assumptions are implied? are they reasonable? how would you go about selecting the appropriate model?