-The Data in the Above Table Show That the Economy

question 126

Multiple Choice

$$\begin{array} { | l | l | l | l | } \hline \begin{array} { l } \text { Price } \\\text { level }\end{array} & \begin{array} { l } \text { A ggregate } \\\text { demand } \\\text { (trillions of } \\\text { 2005 dollars) }\end{array} & \begin{array} { l } \text { Short-run } \\\text { aggregate } \\\text { supply } \\\text { (trillions of } \\\text { 2005 dollars) }\end{array} & \begin{array} { l } \text { Long-run } \\\text { aggregate } \\\text { supply } \\\text { (trillions of } \\\text { 2005 dollars) }\end{array} \\\hline 140 & 4 & 8 & 7 \\\hline 130 & 5 & 7 & 7 \\\hline 120 & 6 & 6 & 7 \\\hline 110 & 7 & 5 & 7 \\\hline 100 & 8 & 4 & 7 \\\hline\end{array}$$
-The data in the above table show that the economy will be in a short -run macroeconomic equilibrium at a price level of

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

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Definitions:

Valves

Structures in the heart and veins that maintain blood flow in one direction, preventing backflow.

Coronary Artery

is a vital blood vessel that supplies oxygen-rich blood to the heart muscle itself.

Aorta

The aorta is the largest artery in the body, originating from the left ventricle of the heart and extending down to the abdomen, distributing oxygenated blood to all parts of the body.

Hepatic Portal Vein

A blood vessel that carries nutrient-rich blood from the gastrointestinal tract and spleen to the liver.