Use the Figure Below to Answer the Following Questions

question 12

Multiple Choice

Use the figure below to answer the following questions.

Figure 26.3.1
-Refer to Figure 26.3.1. Econoworld is at its short-run macroeconomic equilibrium. There is a difference between ________ real GDP and potential GDP of $________ billion.

• A)above full-employment equilibrium; 40
• B)above full-employment equilibrium; 20
• C)below full-employment equilibrium; 40
• D)below full-employment equilibrium; 20
• E)full-employment equilibrium; 0

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