Question: Between 1990 and 2007, the U.S. price level rose by about 61 percent while real output increased by about 63 percent. Use the aggregate demandaggregate

Between 1990 and 2007, the U.S. price level rose by about 61 percent while real output increased by about 63 percent. Use the aggregate demand–aggregate supply model to illustrate these outcomes graphically.

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