Question: The table below shows the initial aggregate demand, short-run, and long-run aggregate supply schedules (B1, C2) Price level Aggregate demand (billion $) 1600 Aggregate Supply

The table below shows the initial aggregate demand, short-run, and long-run aggregate supply schedules (B1, C2) Price level Aggregate demand (billion $) 1600 Aggregate Supply (billion long run Aggregate supply $) (billion 5) 400 800 80 90 1400 600 800 100 1200 800 800 110 1000 1000 800 120 800 1200 800 130 600 1400 140 400 800 800 1600 Instructions: 0. What is the value of Potential GDP2 b. What is the value of short run macroeconomics equilibrium GDP? C What is the value of short run macroeconomics equilibrium price level

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