-Using the Data in the Above Table, in the Long-Run

question 410

Multiple Choice

-Using the data in the above table, in the long-run macroeconomic equilibrium, the price level is ________ and the level of real GDP is ________.

• A) 115; $10 trillion
• B) 110; $10 trillion
• C) 105; $11 trillion
• D) 115; $11 trillion

---

Definitions:

Restriction

A limitation or constraint placed on actions, activities, or movements, often found in legal contexts or agreements.

Employment Agreement

A contractual agreement between an employer and employee outlining the terms of employment.

Specialized Company

A business focused on a specific market niche, offering products or services that are not broadly offered by generalist companies.

Personal Injury

Physical or psychological harm caused to an individual due to another's negligence or intentional act.