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4 In 2007, the economy of Sanaton had an aggregate demand and aggregate supply according to the following schedule: Price level Aggregate Demand Short-Run Aggregate

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In 2007, the economy of Sanaton had an aggregate demand and aggregate supply according to the following schedule: Price level Aggregate Demand Short-Run Aggregate Supply Long-Run Aggregate Supply 100 $1515.00 $1125.00 $1300.00 110 $1460.00 $1200.00 $1300.00 120 $1405.00 $1275.00 $1300.00 130 $1350.00 $1350.00 $1300.00 140 $1295.00 $1425.00 $1300.00 150 $1240.00 $1500.00 $1300.00 160 $1185.00 $1575.00 $1300.00 What was Sanaton's short-run equilibrium output 2007? $ Calculate Sanaton's output gap: $

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