Question: Looking to understand how to solve this? Aggregate demand is given by P = 100 - Y, aggregate supply is given by P = 10
Looking to understand how to solve this?
Aggregate demand is given by P = 100 - Y, aggregate supply is given by P = 10 + 2Y and potential GDP is 25. Full-employment GDP occurs at...
a.
25.
b.
More than 25.
c.
There is insufficient information to know.
d.
Less than 25.
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