Question: Continuing from Problem 10-2, suppose that the full-employment level of nominal GDP in the following year rises to $17.7 trillion. The long-run equilibrium price level,

Continuing from Problem 10-2, suppose that the full-employment level of nominal GDP in the following year rises to $17.7 trillion. The long-run equilibrium price level, however, remains unchanged. By how much (in real dollars) has the long-run aggregate supply curve shifted to the right in the following year? By how much, if any, has the aggregate demand curve shifted to the right?

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