The graph below shows the AD-AS diagram for Spain. All numbers are in billions. 110 1000 AD 900 700 600 Price Level 300 200 100
The graph below shows the AD-AS diagram for Spain. All numbers are in billions. 110 1000 AD 900 700 600 Price Level 300 200 100 LRAS 6 100 200 300 850 503 800 700 800 900 1009 1100 Real GDP What is the level of Potential GDP in Spain? What is the size of real GDP in the short-run equilibrium? What is the price level in the short-run equilibrium
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