Question: table [ [ table [ [ Price level ] , [ ( GDP deflator ) ] ] , table [ [ Real
tabletablePrice levelGDP deflatortableReal GDP demandedtrillions of doll arstableReal GDP suppliedtrillions of dollars
The above table gives aggregate demand and aggregate supply schedules. If the price level is then the aggregate quantity demanded is than the aggregate quantity supplied and the price level
less; falls
greater; falls
greater; rises
less; rises
less; might fall, rise or not change depending on whether real GDP is more than, less than, or equal to potential GDP
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