Demand of real gdp

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Reference no: EM131243049

Suppose the economy is a self-regulating, the price level is 132, the demand of Real GDP is $4 trillion, the quantity supplied of Real GDP in the short run is $3 .9 trillion, and the quantity supplied of Real GDP in the long run is $4.3 trillion. Is the economy in short-run equilibrium? Explain your answers.

Reference no: EM131243049

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