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LAS SAS 1 130 120 Price level (GDP deflator, 2009 =100 110 100 90 0 17.0 17. 18.0 18.5 19.0 19.5 Real GDP (trillions of
LAS SAS 1 130 120 Price level (GDP deflator, 2009 =100 110 100 90 0 17.0 17. 18.0 18.5 19.0 19.5 Real GDP (trillions of 2009 dollars) In the above figure, the economy will be at full employment if the price level .a. is above 110 O b. All of the other answeres are possible because the economy will be at full o .employment at any price level at, above, or below 110 .c. is below 100 O .d. is 110
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Principles Of Econometrics
Authors: R Hill
4th Edition
1118136969, 9781118136966
