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Exhibit 10.4 -Refer to Exhibit 10.4, Which Shows an Aggregate Demand-Aggregate Supply

Question 47

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Exhibit 10.4
Exhibit 10.4 -Refer to Exhibit 10.4, which shows an aggregate demand-aggregate supply model. In this exhibit, which of the following is true for an economy that is at point V in the short run? A) There is a recessionary gap worth $200 billion. B) The potential output is $7 trillion. C) The actual price level is 100. D) The natural rate of unemployment is more than 6.8 trillion. E) The actual output is equal to the potential output.
-Refer to Exhibit 10.4, which shows an aggregate demand-aggregate supply model. In this exhibit, which of the following is true for an economy that is at point V in the short run?


A) There is a recessionary gap worth $200 billion.
B) The potential output is $7 trillion.
C) The actual price level is 100.
D) The natural rate of unemployment is more than 6.8 trillion.
E) The actual output is equal to the potential output.

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