In 2013, the economy of Boonton had an aggregate demand and aggregate supply according to the following schedule: Price Level Aggregate Demand Short-Run Aggregate Supply Long-Run Aggregate Supply 80 $1405 $1075 $1365 90 $1370 $1150 $1365 100 $1335 $1225 $1365 110 $1300 $1300 $1365 120 $1265 $1375 $1365 130 $1230 $1450 $1365 140 $1195 $1525 $1365 What was Boonton’s long-run equilibrium output in 2013?
In 2013, the economy of Boonton had an aggregate demand and aggregate supply according to the following schedule: Price Level Aggregate Demand Short-Run Aggregate Supply Long-Run Aggregate Supply 80 $1405 $1075 $1365 90 $1370 $1150 $1365 100 $1335 $1225 $1365 110 $1300 $1300 $1365 120 $1265 $1375 $1365 130 $1230 $1450 $1365 140 $1195 $1525 $1365 What was Boonton’s long-run equilibrium output in 2013?
Chapter8: Macroeconomic Equilibrium: Aggregate Demand And Supply
Section: Chapter Questions
Problem 11E
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In 2013, the economy of Boonton had an aggregate
| Aggregate Demand | Short-Run Aggregate Supply | Long-Run Aggregate Supply | |
| 80 | $1405 | $1075 | $1365 |
| 90 | $1370 | $1150 | $1365 |
| 100 | $1335 | $1225 | $1365 |
| 110 | $1300 | $1300 | $1365 |
| 120 | $1265 | $1375 | $1365 |
| 130 | $1230 | $1450 | $1365 |
| 140 | $1195 | $1525 | $1365 |
What was Boonton’s long-run equilibrium output in 2013?
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