Question: AD is P = 250 - 1.5Y SRAS is P = 50 + 0.5Y P is the GDP deflator, an index number; and Y is

AD is P = 250 - 1.5Y

SRAS is P = 50 + 0.5Y

P is the GDP deflator, an index number; and Y is real GDP in units of 1bn.

How do I calculate the macroeconomic equilibrium in terms of P and Y.

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