General price level P₁ AD₁ Y₂ Total production, income DIAGRAM A AD AS AD AD Price level קע SRAS2 SRAS₁ Real national income (GDP) DIAGRAM B AD

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A: Step 3: Solve for w Now, solve for w: w−30=5,000/125 w−30=40w = 40+30 w=70 Conclusion: The forager…

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