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?
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?