Question 19 Price level (GDP deflator, 2009-100) 8 8 8 8 8 130 120 110 100 LAS SAS X AD 15.0 15.5 16.0 16.5 17.0 17.5 Real GDP (trillions of 2009 dollars) The above figure depicts an economy experiencing: O inflation zero unemployment O short run macroeconomic equilibrium Olong run macroeconomic equilibrium

Question 19 Price level (GDP deflator, 2009-100) 8 8 8 8 8 130 120 110 100 LAS SAS X AD 15.0 15.5 16.0 16.5 17.0 17.5 Real GDP (trillions of 2009 dollars) The above figure depicts an economy experiencing: O inflation zero unemployment O short run macroeconomic equilibrium Olong run macroeconomic equilibrium

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Production And Growth

Section: Chapter Questions

Problem 5CQQ

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