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Real GDP Price Level Real GDP Demanded (Price Index) Supplied 100 300 400 200 250 400 300 200 300 400 150 200 500 150 100

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Real GDP Price Level Real GDP Demanded (Price Index) Supplied 100 300 400 200 250 400 300 200 300 400 150 200 500 150 100 Using the above table, what are the: Equilibrium Price Level: Blank 1 Equilibrium Real Output: $Blank 2billion (do NOT enter the '$' in your response) Suppose that buyers desire to purchase $200 billion of extra real output at each price level, what are the new: Equilibrium Price Level: Blank 3 Equilibrium Real Output: $Blank 4billion (do NOT enter the '$' in your response) Blank 1 Add your answer Blank 2 Add your answer Blank 3 Add your answer Blank 4 Add your

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