Draw aggregate demand and aggregate supply curves where macroeconomic equilibrium occurs at an output of $20 trillion.

Question:

Draw aggregate demand and aggregate supply curves where macroeconomic equilibrium occurs at an output of $20 trillion. On your graph, indicate the equilibrium price level, but don’t worry about assigning it an exact value. Indicate on the graph where macroeconomic equilibrium occurs. Make sure to label each part of the graph.

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Related Book For  book-img-for-question

Principles Of Economics

ISBN: 9781319330156,9781319419769

2nd Edition

Authors: Betsey Stevenson, Justin Wolfers

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