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Price level Content MindTap - Cengage Learning CENGAGE | MINDTAP Aplia Homework: Monetary Theory and Policy The following graph shows an economy that is currently

Price level

Content MindTap - Cengage Learning CENGAGE | MINDTAP Aplia Homework: Monetary Theory and Policy The following graph shows an economy that is currently producing at point A (grey star symbol), which corresponds to the intersection of the AD, SRAS 1 curves. LRAS SRAS 165 160 SRAS 2 No Intervention 155 150 If Fed Intervenes 145 PRICE LEVEL 140 AD 2 135 AD 130 125 10 11 12 13 14 15 16 17 18 REAL GDP (Trillions of dollars) According to the graph, the potential output of this economy is Since real GDP is currently $12 trillion (as shown by point A), this level of potential output means there is currently of

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