B) what is the current long-run equilibrium price, Ask an Expert

Economics

Consider the graph below, and answer the following questions:

a) What is the current long-run equilibrium level of real GDP?

b) What is the current long-run equilibrium price level?

c) If the economy grows sufficiently at $2 trillion, real GDP remains forthcoming in the long run, and the aggregate demand remains unchanged, what will be the new long-run equilibrium price level?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9698605

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