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Suppose that the full employment level of nominal GDP rises in one year from $13.8 to $14.2 trillion. Thelong-run equilibrium pricelevel, however, remains unchanged at
Suppose that the full employment level of nominal GDP rises in one year from $13.8 to $14.2 trillion. Thelong-run equilibrium pricelevel, however, remains unchanged at 115.
By how much(in realdollars) has thelong-run aggregate supply curve shifted to the right from one year to thenext? $ TBD trillion.
(Round your answer to two decimal places.)
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