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real GDP demanded price level real GDP supplied $100 300 $400 $200 250 $400 $300 200 $300 $400 150 $200 $500 150 $100 use the
real GDP demanded price level real GDP supplied
$100 300 $400
$200 250 $400
$300 200 $300
$400 150 $200
$500 150 $100
use the above table to answer the following questions ( all real GDP figures are in billions of $)
graph and label the AD and AS curves
what are the equilibrium price and real output?
is the equilibrium real output the full-capacity real output at each price level draw the new aggregate demand curve, AD1
what are the new equilibrium price level and real output?
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