The following graph shows several aggregate demand and aggregate supply curves for an economy whose potential output is $$5$ trillion. are labeled $a, b, c$ , and $d$ . Three points on the graph are also indicated by grey stars and labeled $K, L$ , and $M$ . prowh.

Question

The following graph shows several aggregate demand and aggregate supply curves for an economy whose potential output is

$5

trillion. are labeled

a, b, c

, and

d

. Three points on the graph are also indicated by grey stars and labeled

K, L

, and

M

. prowh.

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(Solved): The following graph shows several aggregate demand and aggregate supply curves for an economy whose ...