Suppose that the economy is depicted in the graph to the right.160-a. The current equilibrium price level and output level respectively are: andS trillion. (Enter your response as a whole number.)SRAS150-LRAS140-130-120-O 110-100-소 90-80-70-AD60-50-40-10' 12' 14 1618 20Real GDP ($ trillions)Price level

Equilibrium price level is 100.

Suppose that the economy is depicted in the graph to the right. 160- a. The current equilibrium price level and output level respectively are:O and $ trillion. (Enter your response as a whole number.) SRAS 150- LRAS 140- 130- 120- E 110- 100- 90- 80- 70- AD 60- 40- Real GDP (S trillions)

Suppose that the economy is depicted in the graph to the right. 160- a. The current equilibrium price level and output level respectively are:O and $ trillion. (Enter your response as a whole number.) SRAS 150- LRAS 140- 130- 120- E 110- 100- 90- 80- 70- AD 60- 40- Real GDP (S trillions)

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter24: The Aggregate Demand/aggregate Supply Model

Section: Chapter Questions

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Question

Suppose that the economy is depicted in the graph to the right.
160-
a. The current equilibrium price level and output level respectively are: and
S trillion. (Enter your response as a whole number.)
SRAS
150-
LRAS
140-
130-
120-
O 110-
100-
소 90-
80-
70-
AD
60-
50-
40-
10' 12' 14 16
18 20
Real GDP ($ trillions)
Price level

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