Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn

تمرين 6

Use the accompanying figure to answer the follow questions. Assume that the economy initially is operating at price level 120 and real output level $870. This output level is the economy's potential (or full-employment) level of output. Next, suppose that the price level rises from 120 to 130. By how much will real output increase in the short run? In the
LO1