Price Level
200
110
(A)
Price Level Real GDP
110
275
100 250
95 | 225
90
200
(B)
Price Level Real GDP
100
225
100 250
100
275
points
100
100
Real GDP
225
225
225
225
Boo
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Bulerer
3. Which set of doto illustrates aggregate supply in the immediate short run in North Vaudeville?
The data in B
Which set of doto ilustrates aggregate supply in the short run in North Vaudeville?
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Which set of data illustrates aggregate supply in the long run in North Vouceville?
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b. Assuming no change in nours of work. If real outout per hour of work increases by 10 percent. what will be the new levels of reo
GDP in the right column of A?