In the above figure; when the economy is in a longr run equabrium, the price level will be 90 . 110. 120, 100 Price level (GDP defiator, 2009-100LAS120EX110100901300 15.0 15.5 16.0 16.5 170 175Real ODP ilions of 2009 dollar)090.In the above figure, when the economy is in a long-run equilibrium, the price level will beO 110.SASO 120,ADⒸ100

In macroeconomics, the long-run equilibrium is a concept that combines the aggregate demand (AD) and…

Price level (GDP defiator, 2009-100 130 120 3110 100 90 - 90. LAS SAS X AD In the above figure, when the economy is in a long-run equilibrium, the price level will be O 110. O 120. O 100 150 155 160 165 170 175 Red COP pillions of 2000 dola

Price level (GDP defiator, 2009-100 130 120 3110 100 90 - 90. LAS SAS X AD In the above figure, when the economy is in a long-run equilibrium, the price level will be O 110. O 120. O 100 150 155 160 165 170 175 Red COP pillions of 2000 dola

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

In the above figure; when the economy is in a longr run equabrium, the price level will be 90 . 110. 120, 100

Price level (GDP defiator, 2009-100
LAS
120
EX
110
100
90
130
0 15.0 15.5 16.0 16.5 170 175
Real ODP ilions of 2009 dollar)
090.
In the above figure, when the economy is in a long-run equilibrium, the price level will be
O 110.
SAS
O 120,
AD
Ⓒ100

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