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Suppose the economy is self regulating, the price level is 132, the quantity demanded 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 the Real GDP in the long run is $4.3 trillion. Is the economy in short run equuilibrium? Will the price in long run equilibrium be greater than, of less than, or equal to 132?
discuss the one presented in the Bruntland Commission Report
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