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Real GDP demanded Real GDP supplier Price level (trillions of 2000 (trillions of 2000 (GDP deflator) dollars) dollars) SO 10 90 100 DOVAN 110 120

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Real GDP demanded Real GDP supplier Price level (trillions of 2000 (trillions of 2000 (GDP deflator) dollars) dollars) SO 10 90 100 DOVAN 110 120 130 The above table gives aggregate demand and aggregate supply schedules. If the price level is 120 then the aggregate quantity demanded is _than the aggregate quantity supplied and the price level _ less; rises O less; falls O greater; falls greater; rises less; might fall, rise or not change depending on whether real GDP is more than, less than, or equal to potential GDP

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