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Real total output

The question asked that suppose that the aggregate demand curve is P=120 - Q, where P is the price level and Q is real output (in billions of dollars). If the short-run aggregate supply curve (which is a horizontal line in the relevant range) shifts upward from P = 102 to P = 104, what happens to real output?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9213604

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