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    Principles of Macroeconomics
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    Exam 14: Aggregate Demand and Aggregate Supply
  5. Question
    An Aggregate-Supply Curve Is Described by the Equation Y=80
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An Aggregate-Supply Curve Is Described by the Equation Y=80

Question 106

Question 106

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An aggregate-supply curve is described by the equation Y=80 + 0.5P. The expected price level is 100. How much is the long-run level of output?

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The standard form of a short-run aggrega...

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