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Suppose that the economy is depicted in the graph. The equilibrium price level and real GDP in this economy are, respectively: 180T LRAS SRAS O
Suppose that the economy is depicted in the graph. The equilibrium price level and real GDP in this economy are, respectively: 180T LRAS SRAS O A. 100; $1 trillion. 160- O B. $100 trillion; 1. 140- O C. $100 trillion; $1 trillion. O D. $100; $1 trillion. 120- Price level Draw an inflationary gap in this economy (using the line drawing tool), assuming 100- a constant aggregate supply. Properly label your curve. Note: if you are not prompted for a label, then you have used the wrong drawing 80- tool. 60 AD 40-+ 0 0.2 0.4 0.6 0.8 1 1.2 1.4 1.6 1.8 2 Real GDP ($ trillions)
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