The graph shows an economy that has experienced a fall in total spending. What is the long run output level in this economy? (Answer in trillions of $.
The graph shows an economy that has experienced a fall in total spending. What is the long run output level in this economy? (Answer in trillions of $.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The graph shows an economy that has experienced a fall in total spending. What is the long run output level in this economy? (Answer in trillions of $.) $_____
![Full Employment GDP
160
(16,140)
145
(9,138)
130 -
(19,129)
(16,115)
115
100 -
85
4
8
12
16
20
24
28
Real GDP (trillions of $)
Price Level](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F01fed800-0500-435d-9e13-b782f407e61c%2F6c1c14f3-6949-42e6-95c6-ac7384e9b59b%2Fuad0p6e_processed.png&w=3840&q=75)
Transcribed Image Text:Full Employment GDP
160
(16,140)
145
(9,138)
130 -
(19,129)
(16,115)
115
100 -
85
4
8
12
16
20
24
28
Real GDP (trillions of $)
Price Level
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