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Thank you in advance! Assume the economy in the united States has the following Aggregate Demand and Aggregate Supply data: Aggregate Supply Price Level Aggregate

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Assume the economy in the united States has the following Aggregate Demand and Aggregate Supply data: Aggregate Supply Price Level Aggregate Demand $10 100 $34 $15 120 $27 $20 140 $20 $23 160 $15 $25 180 $10 Aggregate Demand and Aggregate Supply are in Trillions 1. At what Price Level and GDP Level is the economy currently operating? Explain 2. Assume the Full Employment level of output in the economy is $23 trillion. Given the GDP level you identified in Question 1, is the economy facing an inflation problem, an unemployment problem, both or neither? Explain 3. By how much would Aggregate Demand have to change to achieve Full Employment? Explain

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