# current long-run equilibrium level of real GDP

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Working with Graphs

Consider the graph below, and answer the following questions:

a)What is the current long-run equilibrium level of real GDP?

b)What is the current long-run equilibrium price level?

c)If the economy grows sufficiently at $2 trillion, real GDP remains forthcoming in the long run, and the aggregate demand remains unchanged, what will be the new long-run equilibrium price level? Use a Graph to show the shift.

https://brainmass.com/economics/general-equilibrium/current-long-run-equilibrium-level-real-gdp-161563

#### Solution Preview

Jennifer Bruner

Macroeconomics

January 17, 2007

Working with Graphs

Consider the graph below, and answer the following questions:

a) What is the current long-run equilibrium level of real GDP?

This is obtained as the point on the x-axis where the ...

#### Solution Summary

The current long-run equilibrium level of real GDP is denoted.

$2.49