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-The Data in the Above Table Indicate That the Economy

Question 40

Multiple Choice

 Price  level  A ggregate  demand  (trillions of  2005 dollars)   Short-run  aggregate  supply  (trillions of  2005 dollars)   Long-run  aggregate  supply  (trillions of  2005 dollars)  1409.011.510.01309.511.010.012010.010.510.011010510.010.010011.09.510.0\begin{array} { | l | l | l | l | } \hline \begin{array} { l } \text { Price } \\\text { level }\end{array} & \begin{array} { l } \text { A ggregate } \\\text { demand } \\\text { (trillions of } \\\text { 2005 dollars) }\end{array} & \begin{array} { l } \text { Short-run } \\\text { aggregate } \\\text { supply } \\\text { (trillions of } \\\text { 2005 dollars) }\end{array} & \begin{array} { l } \text { Long-run } \\\text { aggregate } \\\text { supply } \\\text { (trillions of } \\\text { 2005 dollars) }\end{array} \\\hline 140 & 9.0 & 11.5 & 10.0 \\\hline 130 & 9.5 & 11.0 & 10.0 \\\hline 120 & 10.0 & 10.5 & 10.0 \\\hline 110 & 105 & 10.0 & 10.0 \\\hline 100 & 11.0 & 9.5 & 10.0 \\\hline\end{array}
-The data in the above table indicate that the economy will be in a short-run macroeconomic equilibrium at a price level


A) between 119 and 111.
B) of 110.
C) of 120.
D) between 130 and 121.

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