Question
AD is P = 250 - 1.5Y SRAS is P = 50 + 0.5Y P is the GDP deflator, an index number; and Y is
AD is P = 250 - 1.5Y
SRAS is P = 50 + 0.5Y
P is the GDP deflator, an index number; and Y is real GDP in units of 1bn.
How do I calculate the macroeconomic equilibrium in terms of P and Y.
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Intermediate Microeconomics and Its Application
Authors: Walter Nicholson, Christopher M. Snyder
12th edition
978-1133189022, 1133189024, 1133189032, 978-1305176386, 1305176383, 978-0357687000, 978-1133189039
