Question: . . . LAS 160 SAS 150 Price level (GDP deflator, 2009 = 100) 140 130 . .. . 120 AD 0 10 15 20

. . . LAS 160 SAS 150 Price level (GDP deflator,

2009 = 100) 140 130 . .. . 120 AD 0 10

. . . LAS 160 SAS 150 Price level (GDP deflator, 2009 = 100) 140 130 . .. . 120 AD 0 10 15 20 25 30 Real GDP (trillions of 2009 dollars) Based on the figure above, short-run equilibrium occurs at the price level of

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