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In the figure, the short-run equilibrium occurs at Price level (GDP price index, 2012 = 100) Potential GDP AS 130 a a A.
Posted: Mon Mar 21, 2022 4:27 pm
by answerhappygod
- In The Figure The Short Run Equilibrium Occurs At Price Level Gdp Price Index 2012 100 Potential Gdp As 130 A A A 1 (24.93 KiB) Viewed 40 times
In the figure, the short-run equilibrium occurs at Price level (GDP price index, 2012 = 100) Potential GDP AS 130 a a A. point a only B. point b only OC. either point a or point b but more information is needed to determine which D. point conly. O E. None of the above answers are necessarily correct 120 110- 100 90- AD 19.5 20.0 20.5 210 215 220 23 Real GDP (trillions of 2012 dollars)