In 2000, the economy of Singsville had an aggregate demand and aggregate supply according to the following schedule: Price level Aggregate Demand Short-Run Aggregate Supply Long-Run Aggregate Supply 100 $1135.00 $1270.00 110 $1190.00 $1270.00 120 $1245.00 $1270.00 130 $1300.00 $1270.00 140 $1355.00 $1270.00 150 $1410.00 $1270.00 160 $1465.00 $1270.00 $1525.00 $1450.00 OYes $1375.00 $1300.00 $1225.00 $1150.00 $1075.00 What was Singsville's short-run equilibrium output in 2000? $ Was Singsville in long-run equilibrium in 2000?

In 2000, the economy of Singsville had an aggregate demand and aggregate supply according to the following schedule: Price level Aggregate Demand Short-Run Aggregate Supply Long-Run Aggregate Supply 100 $1135.00 $1270.00 110 $1190.00 $1270.00 120 $1245.00 $1270.00 130 $1300.00 $1270.00 140 $1355.00 $1270.00 150 $1410.00 $1270.00 160 $1465.00 $1270.00 $1525.00 $1450.00 OYes $1375.00 $1300.00 $1225.00 $1150.00 $1075.00 What was Singsville's short-run equilibrium output in 2000? $ Was Singsville in long-run equilibrium in 2000?

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter5: Introduction To Macroeconomics

Section: Chapter Questions

Problem 3.3P

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