-The Table Above Gives the Aggregate Demand and Aggregate Supply

question 101

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. In short-run equilibrium, there is____________ .

• A) a recessionary gap of $100
• B) a recessionary gap of $200
• C) an inflationary gap of $100
• D) an inflationary gap of $200

Understand the mechanics and implications of initial and secondary equity offerings.

Understand the concept of motivation and its impact on learning and creativity.

Learn problem-solving strategies, including the use of algorithms and the impact of heuristics.

Explore the components and inhibitors of creativity.

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