Mathematics, 17.12.2020 04:00 yunilka28
A-20
In 2008, the economy of Cortania had an aggregate demand and aggregate supply according to the following schedule:
6
1) 12
Price level Aggregate Demand Short-Run Aggregate Supply Long-Run Aggregate Supply
60
$1325
$1085
$1300
70
$1300
$1140
$1300
80
$1275
$1195
$1300
90
$1250
$1250
100
$1225
$1305
$1300
110
$1200
$1360
$1300
120
$1175
$1415
$1300
$1300
18
3 24
9
30
What was Cortania's long-run equilibrium output in 2008?
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In 2008, the economy of Cortania had an aggregate demand and aggregate supply according to the...
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