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.
Definitions:
Tinker Creek
A location or possibly a reference to "Pilgrim at Tinker Creek," a non-fiction narrative book by Annie Dillard that explores nature and philosophical themes.
Quarried Mountain
Mountains or portions thereof that have been excavated for the purpose of extracting rock, minerals, or other resources.
Mickey Mouse Watch
A wristwatch featuring Mickey Mouse, often characterized by the iconic Disney character's arms serving as the timepiece's hands.
Pearl Necklace
A piece of jewelry consisting of pearls strung together.
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