In 2000, the economy of Singsville had an aggregate demand and aggregate supply according to the following schedule: Price level Aggregate Demand Short-Run Aggregate Supply Long-Run Aggregate Supply 100 $1135.00 $1270.00 110 $1190.00 $1270.00 120 $1245.00 $1270.00 130 $1300.00 $1270.00 140 $1355.00 $1270.00 150 $1410.00 $1270.00 160 $1465.00 $1270.00 $1525.00 $1450.00 OYes $1375.00 $1300.00 $1225.00 $1150.00 $1075.00 What was Singsville's short-run equilibrium output in 2000? $ Was Singsville in long-run equilibrium in 2000?
In 2000, the economy of Singsville had an aggregate demand and aggregate supply according to the following schedule: Price level Aggregate Demand Short-Run Aggregate Supply Long-Run Aggregate Supply 100 $1135.00 $1270.00 110 $1190.00 $1270.00 120 $1245.00 $1270.00 130 $1300.00 $1270.00 140 $1355.00 $1270.00 150 $1410.00 $1270.00 160 $1465.00 $1270.00 $1525.00 $1450.00 OYes $1375.00 $1300.00 $1225.00 $1150.00 $1075.00 What was Singsville's short-run equilibrium output in 2000? $ Was Singsville in long-run equilibrium in 2000?
Chapter5: Introduction To Macroeconomics
Section: Chapter Questions
Problem 3.3P
Related questions
Question
![In 2000, the economy of Singsville had an aggregate demand and aggregate supply according to the following schedule:
Price level Aggregate Demand Short-Run Aggregate Supply Long-Run Aggregate Supply
100
$1135.00
$1270.00
110
$1190.00
$1270.00
120
$1245.00
$1270.00
130
$1300.00
$1270.00
140
$1355.00
$1270.00
150
$1410.00
$1270.00
160
$1465.00
$1270.00
$1525.00
$1450.00
$1375.00
$1300.00
$1225.00
$1150.00
$1075.00
What was Singsville's short-run equilibrium output in 2000? $
Was Singsville in long-run equilibrium in 2000?
OYes](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1c8ab352-048e-42c9-8e0e-d8649525341f%2F542b7ff0-409a-4311-bf33-d7991b4ac79f%2Fnx05jn5_processed.png&w=3840&q=75)
Transcribed Image Text:In 2000, the economy of Singsville had an aggregate demand and aggregate supply according to the following schedule:
Price level Aggregate Demand Short-Run Aggregate Supply Long-Run Aggregate Supply
100
$1135.00
$1270.00
110
$1190.00
$1270.00
120
$1245.00
$1270.00
130
$1300.00
$1270.00
140
$1355.00
$1270.00
150
$1410.00
$1270.00
160
$1465.00
$1270.00
$1525.00
$1450.00
$1375.00
$1300.00
$1225.00
$1150.00
$1075.00
What was Singsville's short-run equilibrium output in 2000? $
Was Singsville in long-run equilibrium in 2000?
OYes
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