-Refer to the Above Information

question 48

Multiple Choice

-Refer to the above information.If the real interest rate is 9 percent,the equilibrium level of GDP will be:

• A) $600
• B) $500
• C) $400
• D) $300

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Definitions:

Conversion Formula

A mathematical equation used to convert a quantity expressed in one set of units to another set of units.

Milligrams

A unit of mass in the metric system equal to one-thousandth of a gram.

Grams

A unit of mass in the metric system, used to measure small quantities of substances.