Multiple Choice
The figure given below represents the equilibrium real GDP and price level in the aggregate demand and aggregate supply model.
Figure 8.3
-Refer to Figure 8.3. Potential GDP is greater than real GDP at all output levels:
A) above $300 billion.
B) between $300 billion and $400 billion.
C) above $400 billion.
D) below $300 billion.
E) above $500 billion.
Correct Answer:

Verified
Correct Answer:
Verified
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