Exhibit 11-4
-The graph in Exhibit 11-4, when aggregate supply is AS, the equilibrium output and price level will be Y₂ and P₂.

Name: Exhibit 11-4 -The graph in Exhibit 11-4, when aggregate supply is AS, the equilibrium output and price level will be Y 2 and P 2 .
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Question

Exhibit 11-4 -The graph in Exhibit 11-4, when aggregate supply is AS, the equilibrium output and price level will be Y₂ and P₂.

Quizplus · Accepted Answer

Without the actual graph from Exhibit 11-4, it's impossible to determine the equilibrium output and price level.

Exhibit 11-4 -The Graph in Exhibit 11-4, When Aggregate Supply Is AS