-The Table Above Gives the Aggregate Demand and Aggregate Supply

question 268

Multiple Choice

$$\begin{array}{l}\text { Real GDP supplied }\\\begin{array} { | l | l | l | l | } \hline \text { Price level } & \begin{array} { l } \text { Real GDP } \\\text { demanded } \\\text { (dollars) }\end{array} & \begin{array} { l } \text { Short run } \\\text { (dollars) }\end{array} & \begin{array} { l } \text { Long run } \\\text { (dollars) }\end{array} \\\hline 90 & 700 & 300 & 600 \\\hline 100 & 600 & 400 & 600 \\\hline 110 & 500 & 500 & 600 \\\hline 120 & 400 & 600 & 600 \\\hline\end{array}\end{array}$$
-The table above gives the aggregate demand and aggregate supply schedules in Lotus Land. The short-run macroeconomic equilibrium is a price level of ____________and a real GDP of____________ .

• A) 100; $400
• B) 120; $400
• C) 110; $500
• D) 90; $400