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The following picture shows the aggregate demand/aggregate supply situation in the U.S. 135 130 125 120 115 Price level (GDP Deflator) 110 AD 105 -

The following picture shows the aggregate demand/aggregate supply situation in the U.S.

135 130 125 120 115 Price level (GDP Deflator) 110 AD 105 - - - SRAS 100 LRAS 95 90 12 14 16 18 20 22 24 26 28 Real GDP

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