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QUESTION 2 Consider the table below: Price Level Quantity of real GDP demanded Quantity of real GDP supplied (trillions $) (trillions $) 210 10 20

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QUESTION 2 Consider the table below: Price Level Quantity of real GDP demanded Quantity of real GDP supplied (trillions $) (trillions $) 210 10 20 205 11 17 193 13 16 172 15 15 Suppose that potential output is $17 trillion. The unemployment rate is (higher, lower) than the natural rate of unemployment. AD and SRAS intersect (above, below) the long run aggregate supply curve (LRAS)

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