The table below shows the initial aggregate demand, short-run, and long-run aggregate supply schedules Price level Aggre
Posted: Thu May 19, 2022 7:19 am
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
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