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n the figure, when the economy is in a long-run equilibrium, the price level will be A. 90. B. 110. C. 100. D. 120. Price level (GDP deflator, 2000-100) 130 28 & 120 110 100 LAS SAS AD 11.0 11.5 12.0 12.5 13.0 13.5 Real GDP (trillions of 2000 dollars)

n the figure, when the economy is in a long-run equilibrium, the price level will be A. 90. B. 110. C. 100. D. 120. Price level (GDP deflator, 2000-100) 130 28 & 120 110 100 LAS SAS AD 11.0 11.5 12.0 12.5 13.0 13.5 Real GDP (trillions of 2000 dollars)

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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In the figure, when the economy is in a long-run equilibrium, the price level will be A. 90. B. 110. C. 100. D. 120. Price level (GDP deflator, 2000 = 100) 130 120 110 228 100 90 LAS SAS AD 11.0 11.5 12.0 12.5 13.0 13.5 Real GDP (trillions of 2000 dollars)
Transcribed Image Text:In the figure, when the economy is in a long-run equilibrium, the price level will be A. 90. B. 110. C. 100. D. 120. Price level (GDP deflator, 2000 = 100) 130 120 110 228 100 90 LAS SAS AD 11.0 11.5 12.0 12.5 13.0 13.5 Real GDP (trillions of 2000 dollars)
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