In 2010, the economy of Sanaton had an aggregate demand and aggregate supply according to the following schedule: Price level Aggregate Demand Short-Run Aggregate Supply $1155.00 $1220.00 $1285.00 $1350.00 $1415.00 $1480.00 $1545.00 80 90 100 110 120 130 140 $1575.00 $1500.00 $1425.00 $1350.00 $1350,00 $1200.00 $1125.00 What was the equilibrium price level in Sanaton in 2010?
In 2010, the economy of Sanaton had an aggregate demand and aggregate supply according to the following schedule: Price level Aggregate Demand Short-Run Aggregate Supply $1155.00 $1220.00 $1285.00 $1350.00 $1415.00 $1480.00 $1545.00 80 90 100 110 120 130 140 $1575.00 $1500.00 $1425.00 $1350.00 $1350,00 $1200.00 $1125.00 What was the equilibrium price level in Sanaton in 2010?
Chapter14: Aggregate Demand And Supply
Section: Chapter Questions
Problem 4SQP
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