Question: 1. Using a hypothetical equilibrium, with price level at 130 and real GDP at $680, what information can we infer about the state of this

1. Using a hypothetical equilibrium, with price level at 130 and real GDP at $680, what information can we infer about the state of this country's economy?

2. Is this country risking inflationary pressures or facing high unemployment? How can you tell?

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