V. Consider an economy with output equal to the natural level of output. Now suppose there is an increase in unemployment benefits. a. Show the effects of an increase in unemployment benefits on the position of the AD and AS curves in the short run and in the medium run.
b. How will the increase in unemployment benefits affect output and the price level in the short run and in the medium run?

Jeanie had always been interested in how individuals and businesses effectively allocate their resources in order to accomplish personal and organizational goals. that’s why she majored in economics and took on an entry-level position at an accounting firm. she is very interested in further advancing her career by looking into a specialization that builds upon her academic background, and her interest in deepening her understanding of how companies adjust their operating results to incorporate the economic impacts of their practices on internal and external stakeholders. which specialization could jeanie follow to get the best of both worlds? jeanie should chose to get the best of both worlds.