The table below shows the initial aggregate demand,
short-run, and long-run aggregate supply
schedules
Price level
Aggregate demand (billion $)
Aggregate Supply (billion $)
Long run Aggregate supply (billion $)
80
1600
400
1200
90
1400
600
1200
100
1200
800
1200
110
1000
1000
1200
120
800
1200
1200
130
600
1400
1200
140
400
1600
1200
The table below shows the initial aggregate demand, short-run, and long-run aggregate supply schedules Price level Aggre
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