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If the aggregate-demand curve is given by the equation P = 400 - (2 ´ Y),...

If the aggregate-demand curve is given by the equation

P = 400 - (2 ´ Y),

and long-run aggregate supply = 100, the long-run equilibrium price level equals

50.

100.

150.

200.
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Answer #1


Correct option is > 200

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Y is supply level and P is Price level

P = 400 - 2*100

P = 400 – 200

P = 200

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