What is the short-run equilibrium real GDP and price level? The table shows the aggregate demand and

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What is the short-run equilibrium real GDP and price level?
The table shows the aggregate demand and short-run aggregate supply schedules of a country in which potential GDP is $1,050 billion.

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Macroeconomics Canada in the Global Environment

ISBN: 978-0321778109

8th edition

Authors: Michael Parkin, Robin Bade

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Question Posted: Dec 19, 2015 05:02 AM

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What is the short-run equilibrium real GDP and price level? The table shows the aggregate demand and

Question:

Real GDP demanded Real GDP supplied in the short run Price level 100 110 120 130 140 150 160 (billions of 2005 dollars) 1,150 1,100 1,050 1,000 950 900 850 1,050 1,100 1,150 1,200 1,250 1,300 1,350

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Macroeconomics Canada in the Global Environment

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