-Based on the Data in the Table Above, the Economy

question 342

Multiple Choice

$$\begin{array} { | l | l | l | l | } \hline \text { Price level } & \begin{array} { l } \text { A ggregate demand } \\\text { (trillions of 2005 } \\\text { dollars) }\end{array} & \begin{array} { l } \text { Short-run aggregate } \\\text { supply (trillions of } \\\text { 2005 dollars) }\end{array} & \begin{array} { l } \text { Long-run aggregate } \\\text { supply (trilli ons of } \\2005 \text { dollars) }\end{array} \\\hline 100 & 11 & 7 & 10 \\\hline 110 & 10 & 8 & 10 \\\hline 120 & 9 & 9 & 10 \\\hline 130 & 8 & 10 & 10 \\\hline 140 & 7 & 11 & 10 \\\hline\end{array}$$
-Based on the data in the table above, the economy will be in short -run equilibrium at a price level of

• A) 110.
• B) 120.
• C) 100.
• D) 90.

---

Definitions:

Email Submission

Email submission refers to the process of sending documents, applications, or other types of responses through electronic mail as part of formal procedures or communication.

Business Letter

A formal document used in professional contexts to communicate with clients, partners, or within an organization.

Résumés

A structured document used by individuals to present their background, skills, and accomplishments for employment purposes.

Electronic Media

Platforms or channels used for communication that operate electronically, such as radio, television, and the internet.