題組內容

Problem 2
 The 311 earthquake and tsunami seriously hit Japan. Use the two graphs of aggregate expenditure (AE) and aggregate demand-aggregate supply (AD-AS) model with words to explain the following questions. 66ebbeb54a900.jpg66ebbec64f382.jpg

(a) Determine the short-run effects on output of Japan's economy assuming that there is deflation and that there is no crowding effect.