Question: Continuing from Problem 10-2 , suppose that the fullemployment level of nominal GDP in the following year rises to $21.85 trillion. The long-run equilibrium price

Continuing from Problem 10-2 , suppose that the fullemployment level of nominal GDP in the following year rises to

$21.85 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? (Hint: The equilibrium price level can stay the same only if LRAS and AD shift rightward by the same amount.)

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