What is the difference between short-run equilibrium and long-run equilibrium? Suppose that at a price index of 154, the quantity demanded of (U.S.) Real GDP is $10.0 trillion worth of goods. Do these...



What is the difference between short-run equilibrium


and long-run equilibrium?


Suppose that at a price index of 154, the quantity


demanded of (U.S.) Real GDP is $10.0 trillion worth


of goods. Do these data represent aggregate demand or


a point on an aggregate demand curve? Explain your


answer.



May 26, 2022
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