Foundations of Economics (8th Edition)
Foundations of Economics (8th Edition)
8th Edition
ISBN: 9780134486819
Author: Robin Bade, Michael Parkin
Publisher: PEARSON
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Chapter 29, Problem 4SPPA
To determine

To find:

The macroeconomic equilibrium, the type of macroeconomic equilibrium if the potential GDP is $600 billion and the way the real GDP and price level will be adjusted in the long run.

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