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1.Using the diagram on the right with AD Price level measured by price index determine the following: 110 equilibrium price level = b. equilibrium real

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1.Using the diagram on the right with AD Price level measured by price index determine the following: 110 equilibrium price level = b. equilibrium real GDP produced (Y) = 20 T c. unemployment rate equals the natural rate 1.10 because Y = $20 Trillion = (LRAS) 1.07 2. If Aggregate Demand falls to AD! 104 a. temporary new price level = L 107 b. temporary real GDP produced = 19 T c. unemployment rate is greater than natural rate because Y

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