Use the Following Diagram to Answer the Following Questions

question 8

Multiple Choice

Use the following diagram to answer the following questions.

-Refer to Diagram 12-1. In the diagram above, the equilibrium level of real output and the equilibrium price level are:

• A) GDP₁ and P₁, respectively.
• B) GDP₂ and P₂, respectively.
• C) GDP₁ and P₂, respectively.
• D) GDP₂ and P₁, respectively.

---

Definitions:

Flight Attendant

An airline employee responsible for ensuring the safety, comfort, and service to passengers aboard flights.

Bailment for Reward

A legal relationship that involves the temporary transfer of personal property to another for a specified fee or reward.

Grossly Negligent

Showing a severe lack of care or deliberation that results in blatant disregard for the safety or rights of others, often leading to extreme harm or risk.

Jeweller

A person or entity engaged in the business of selling and sometimes manufacturing jewelry.