-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

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Definitions:

James-Lange Theory

A theory of emotion that suggests emotions occur as a result of physiological reactions to events.

Physiological Arousal

A state of heightened physiological activity, including increased heart rate, sweating, and energy levels, often in response to stimuli.

Conscious Experience

The aspect of the mind that involves awareness of oneself and the world.

Emotional Experience

The complex psychological state involving thoughts, feelings, and physiological responses to a particular stimulus.