The graph shows an economy that has experienced a fall in total spending. What is the long run output level in this economy? (Answer in trillions of $.) $_____ Full Employment GDP160(16,140)145(9,138)130 -(19,129)(16,115)115100 -85481216202428Real GDP (trillions of $)Price Level

Long-run aggregate supply shows the total production or output in the economy at full employment. A…

Answered: The graph shows an economy that has…

The graph shows an economy that has experienced a fall in total spending. What is the long run output level in this economy? (Answer in trillions of $.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

ChapterP3: The Maroeconomy An Dfiscal Policy

Section: Chapter Questions

Problem 4KC

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Question

100%

The graph shows an economy that has experienced a fall in total spending. What is the long run output level in this economy? (Answer in trillions of $.) $_____

Full Employment GDP
160
(16,140)
145
(9,138)
130 -
(19,129)
(16,115)
115
100 -
85
4
8
12
16
20
24
28
Real GDP (trillions of $)
Price Level

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