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B. Aggregate Demand & Aggregate Supply 0.5 Suppose that aggregate demand (AD) & aggregate supply (AS) are given by the following formulas/equations, where PI is
B. Aggregate Demand \& Aggregate Supply 0.5 Suppose that aggregate demand (AD) \& aggregate supply (AS) are given by the following formulas/equations, where PI is a price index \& Q is real GDP. Bold the equilibrium level of PI \& real GDP. \begin{tabular}{|c|c|} \hline AD: PI=7000.2Q \\ \hline PI & AD \\ \hline 500 & AS \\ \hline 480 & \\ \hline 460 & \\ 440 \\ 420 \\ 400 \\ 380 \\ 360 \\ 340 \\ 320 \\ 300 \\ 280 \\ 260 \\ 240 \\ 220 \\ 200 \\ \hline \end{tabular} B. Aggregate Demand \& Aggregate Supply 0.5 Suppose that aggregate demand (AD) \& aggregate supply (AS) are given by the following formulas/equations, where PI is a price index \& Q is real GDP. Bold the equilibrium level of PI \& real GDP. \begin{tabular}{|c|c|} \hline AD: PI=7000.2Q \\ \hline PI & AD \\ \hline 500 & AS \\ \hline 480 & \\ \hline 460 & \\ 440 \\ 420 \\ 400 \\ 380 \\ 360 \\ 340 \\ 320 \\ 300 \\ 280 \\ 260 \\ 240 \\ 220 \\ 200 \\ \hline \end{tabular}
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