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answer this please In France, potential GDP is 3 000 billion Euros. The following table shows Japan's appregate demand and short-run aggregate supply schedules. Price

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In France, potential GDP is 3 000 billion Euros. The following table shows Japan's appregate demand and short-run aggregate supply schedules. Price level Real GDP Real GDP supplied demanded in the short-run (trillions of yen) (trillions of yen) 3400 3000 90 3300 3100 100 3200 3200 110 3100 3300 120 3000 3400 130 2900 3500 140 2800 3600 Draw a graph of the aggregate demand, short-run aggregate supply and long- tun aggregate supply curves. b) What are the short run equilibrium real GDP and price level? c) Does France have an inflationary pap or a recessionary gap and what is its magnitude? dj Explain what will happen in the long-run e) What are the long-run equilibrium real GDP and price level

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