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The Table Above Gives the Aggregate Demand and Aggregate Supply

Question 268

Multiple Choice

The table above gives the aggregate demand and aggregate supply schedules in Lotus Land. The short- run macroeconomic equilibrium is a price level of and a real GDP of _ .


A) 90; $400
B) 100; $400
C) 120; $400
D) 110; $500

Correct Answer:

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