In 2006, the economy of Nickeltown had an aggregate demand and aggregate supply according to the...

 

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In 2006, the economy of Nickeltown had an aggregate demand and aggregate supply according to the following schedule: Price level Aggregate Demand Short-Run Aggregate Supply Long-Run Aggregate Supply 90 $1405.00 $1135.00 $1290.00 100 $1370.00 $1190.00 $1290.00 110 $1335.00 $1245.00 $1290.00 120 $1300.00 $1300.00 $1290.00 130 $1265.00 $1355.00 $1290.00 140 $1230.00 $1410.00 $1290.00 150 $1195.00 $1465.00 $1290.00 What was Nickeltown's short-run equilibrium output 2006? $ Calculate Nickeltown's output gap: $ 2. In 2006, the economy of Nickeltown had an aggregate demand and aggregate supply according to the following schedule: Price level Aggregate Demand Short-Run Aggregate Supply Long-Run Aggregate Supply 90 $1405.00 $1135.00 $1290.00 100 $1370.00 $1190.00 $1290.00 110 $1335.00 $1245.00 $1290.00 120 $1300.00 $1300.00 $1290.00 130 $1265.00 $1355.00 $1290.00 140 $1230.00 $1410.00 $1290.00 150 $1195.00 $1465.00 $1290.00 What was Nickeltown's short-run equilibrium output 2006? $ Calculate Nickeltown's output gap: $ 2.