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 |
"96% of our customers have reported a 90% and above score. You might want to place an order with us."
![Essay Writing Service](/order now.png)