What is the short-run equilibrium real GDP and price level? The table shows the aggregate demand and
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The table shows the aggregate demand and short-run aggregate supply schedules of a country in which potential GDP is $1,050 billion.
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Real GDP demanded Real GDP supplied in the short run Price level 100 110 120 130 140 150 160 (billions of 2005 dollars) 1,150 1,100 1,050 1,000 950 900 850 1,050 1,100 1,150 1,200 1,250 1,300 1,350
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Related Book For
Macroeconomics Canada in the Global Environment
ISBN: 978-0321778109
8th edition
Authors: Michael Parkin, Robin Bade
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