The table sets out an economy€™s aggregate demand and aggregate supply schedules. What is the macroeconomic equilibrium? If potential GDP is $600 billion, what is the type of macroeconomic equilibrium? Explain how real GDP and the price level will adjust in the long run.

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Price level (GDP price index) Real GDP Real GDP demanded supplied (billions of 2009 dollars) 90 900 600 850 00 700 110 800 800 120 750 900 130 700 1,000