-The Data in the Above Table Indicate That the Economy

question 40

Multiple Choice

$$\begin{array} { | l | l | l | l | } \hline \begin{array} { l } \text { Price } \\\text { level }\end{array} & \begin{array} { l } \text { A ggregate } \\\text { demand } \\\text { (trillions of } \\\text { 2005 dollars) }\end{array} & \begin{array} { l } \text { Short-run } \\\text { aggregate } \\\text { supply } \\\text { (trillions of } \\\text { 2005 dollars) }\end{array} & \begin{array} { l } \text { Long-run } \\\text { aggregate } \\\text { supply } \\\text { (trillions of } \\\text { 2005 dollars) }\end{array} \\\hline 140 & 9.0 & 11.5 & 10.0 \\\hline 130 & 9.5 & 11.0 & 10.0 \\\hline 120 & 10.0 & 10.5 & 10.0 \\\hline 110 & 105 & 10.0 & 10.0 \\\hline 100 & 11.0 & 9.5 & 10.0 \\\hline\end{array}$$
-The data in the above table indicate that the economy will be in a short-run macroeconomic equilibrium at a price level

• A) between 119 and 111.
• B) of 110.
• C) of 120.
• D) between 130 and 121.

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Definitions:

Type 2 DM

Type 2 Diabetes Mellitus, a chronic condition that affects the way the body processes blood sugar (glucose), characterized by high blood sugar, insulin resistance, and relative lack of insulin.

Abetalipoproteinemia

A rare genetic disorder affecting the absorption and transportation of dietary fats and certain vitamins, leading to various complications.

Gangliosidoses GM3

A rare inherited metabolic disorder characterized by the accumulation of GM3 gangliosides in the body's tissues.

Bulimia

An eating disorder marked by binge eating followed by methods to avoid weight gain, such as vomiting or excessive exercise.