What is the full-employment level of nominal gdp
Suppose that the long-run aggregate supply curve is positioned at a real GDP level of $15 trillion in base-year dollars,and the long-run equilibrium price level (in index number form) is 115. What is the full-employment level of nominal GDP?
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Real GDP level of $15 trillion in base-year dollars,and the long-run equilibrium price level (in index number form) is 115. What is the full-employment level of nominal GDP?
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