10-2. Suppose that the long-run aggregate supply curve
| 10-2. 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? | ||||
| nominal GDp= real GDP*price= | 1725 | trillion | ||
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