Discuss: Given the current state of the economy, what sort of fiscal-monetary policy mix seems most appropriate to you now?
October 11, 2020
B) A and B satisfy the same kinds of desires (like tea and coffee), and there is a shift in tastes away from A and towards B. c) A is a normal good,…
October 11, 2020
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Suppose that the long-run aggregate supply curve is positioned at a real GDP level of $15 trillion in base-year dollars,and the long-run equilibrium…

Suppose that the long-run aggregate supply curve is positioned at a real GDP level of $15 trillion in base-year dollars,and the long-run equilibrium price level (in index number form) is 115. What is the full-employment level of nominal GDP?

 

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