Real GDP Price Level Real GDP Demanded (Price Index) Supplied 100 300 400 $ 200 250 400 $ 300 200 300 $ 400 150 200 $ 500 150 S 100 Using the above table (all Real GDP values are in billions of...


Real GDP<br>Price Level Real GDP<br>Demanded (Price Index) Supplied<br>100<br>300<br>400<br>$<br>200<br>250<br>400<br>$<br>300<br>200<br>300<br>$<br>400<br>150<br>200<br>$<br>500<br>150<br>S<br>100<br>Using the above table (all Real GDP values are in billions of<br>dollars), what are the:<br>Equilibrium Price Level: Blank 1<br>Equilibrium Real Output: $Blank 2billion (do NOT enter<br>the '$' nor 'billion' in your response)<br>Suppose that buyers desire to purchase $200 billion of<br>extra real output at each price level, what are the new:<br>Equilibrium Price Level: Blank 3<br>Equilibrium Real Output: $Blank 4billion<br>

Extracted text: Real GDP Price Level Real GDP Demanded (Price Index) Supplied 100 300 400 $ 200 250 400 $ 300 200 300 $ 400 150 200 $ 500 150 S 100 Using the above table (all Real GDP values are in billions of dollars), what are the: Equilibrium Price Level: Blank 1 Equilibrium Real Output: $Blank 2billion (do NOT enter the '$' nor 'billion' in your response) Suppose that buyers desire to purchase $200 billion of extra real output at each price level, what are the new: Equilibrium Price Level: Blank 3 Equilibrium Real Output: $Blank 4billion

Jun 08, 2022
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