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rice level The commentator describes full employment as when unemployment has fallen to the lowest possible level without provoking inflation. Place the aggregate demand curve

rice level The commentator describes "full employment" as when "unemployment has fallen to the lowest possible level without provoking inflation." Place the aggregate demand curve such that unemployment is as low as it can be without causing more inflation in the long run. What is the full-employment level of real GDP? 110 109 108 107 106 AD 105 104 103 102 101 100 99 98 97 96 95 94 93 Full-employment GDP is about $ trillion. LRAS 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Real GDP (trillions) SRAS

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