In 1997, the economy of Mistania had an aggregate demand and aggregate supply according to the following schedule: Price Level aggregate demand short-run aggregate supply1475 long-run aggregate supply 90 $1505 $1175 $1440 100 $1470 $1250 $1440 110 $1435 $1325 $1440 120 $1400 $1400 $1440 130 $1365 $1475 $1440 140 $1330 $1550 $1440 150 $1295 $1625 $1440 What was Mistania’s short-run equilibrium output in 1997?
In 1997, the economy of Mistania had an aggregate demand and aggregate supply according to the following schedule: Price Level aggregate demand short-run aggregate supply1475 long-run aggregate supply 90 $1505 $1175 $1440 100 $1470 $1250 $1440 110 $1435 $1325 $1440 120 $1400 $1400 $1440 130 $1365 $1475 $1440 140 $1330 $1550 $1440 150 $1295 $1625 $1440 What was Mistania’s short-run equilibrium output in 1997?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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In 1997, the economy of Mistania had an aggregate demand and
| aggregate demand | short-run aggregate supply1475 | long-run aggregate supply | |
| 90 | $1505 | $1175 | $1440 |
| 100 | $1470 | $1250 | $1440 |
| 110 | $1435 | $1325 | $1440 |
| 120 | $1400 | $1400 | $1440 |
| 130 | $1365 | $1475 | $1440 |
| 140 | $1330 | $1550 | $1440 |
| 150 | $1295 | $1625 | $1440 |
What was Mistania’s short-run equilibrium output in 1997?
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