Question
Can you guys explain and perhaps show me how to solve problem if possible ? this is the full question there is nothing more, there
Can you guys explain and perhaps show me how to solve problem if possible ? this is the full question there is nothing more, there is no graph no picture no nothing else its just this question and this is the whole exercise.
What is the current equilibrium price level and real GDP for the economy illustrated in the figure above? Does this economy have an inflationary gap, a recessionary gap, or neither? As it adjusts toward full employment, which curve shifts? What is the equilibrium real GDP and price level that the economy will ultimately reach? Explain thoroughly.
THIS IS THE WHOLE COMPLETE QUESTION THERE IS NOTHING MORE TO THIS QUESTION THERE IS NOTHING MORE FOR ME TO PROVIDE, MY PROFESSOR GAVE ME JUST THAT ONLY!
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