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Please review the email below. Assume that the economy is in equilibrium. Aggregate supply is $21,400. Aggregate demand is described by the following equation: AD1

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Assume that the economy is in equilibrium. Aggregate supply is $21,400. Aggregate demand is described by the following equation: AD1 = $22,000 - 6P1 Suppose aggregate supply increases by 12 % , and the aggregate demand equation changes to this: AD2 = $24,784 - 6P2 Calculate the percentage increase in the equilibrium price level. Enter your answer as a percentage in the box below and round to one decimal place if necessary

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