Multiple Choice
-Based on the figure above, short- run equilibrium occurs at the price level of
A) 140 and real GDP of $12 billion.
B) 130 and real GDP of $12 billion.
C) 120 and real GDP of $4 billion.
D) 130 and real GDP of $8 billion.
Correct Answer:

Verified
Correct Answer:
Verified
Q65: When the quantity of capital increases, then
Q66: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4951/.jpg" alt=" -In the above
Q67: When real GDP exceeds potential GDP, then
Q69: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4951/.jpg" alt=" -In the above
Q71: In the short run, an increase
Q73: Which of the following shifts the aggregate
Q74: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4951/.jpg" alt=" -The above figure
Q75: For movements along the long- run aggregate
Q208: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6802/.jpg" alt=" -In the above
Q264: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above