Multiple Choice
-In the above figure, the aggregate demand curve is AD2, so the long-run equilibrium level of real GDP is
A) $13.5 trillion.
B) more than $13 and less than $13.5 trillion.
C) $13 trillion.
D) None of the above answers is correct.
Correct Answer:

Verified
Correct Answer:
Verified
Q34: If the money wage rate increases, the
Q242: The short-run aggregate supply curve is upward
Q243: <span class="ql-formula" data-value="\begin{array} { | l |
Q244: The government increases taxes. As a result,
Q246: In the United States, during the past
Q247: Suppose the price level rises and the
Q248: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6802/.jpg" alt=" -The curve labeled
Q249: When the economy is at an above
Q250: The U.S. aggregate demand curve shifts leftward
Q413: The SAS curve shifts if there is