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Business, 20.07.2021 05:10 314180

Suppose the economy is self-regulating, the price level is 210, the quantity demanded of Real GDP and the quantity supplied of Real GDP in the short run both equal $9.7 trillion, and the quantity supplied of Real GDP in the long run is $10.2 trillion. Given all of this information, we can conclude the economy in short run equilibrium and that the price level in the long run equilibrium will be than 210.

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Suppose the economy is self-regulating, the price level is 210, the quantity demanded of Real GDP an...
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