In the Above Figure, If the Relevant Aggregate Demand Curve

question 6

Multiple Choice

In the above figure, if the relevant aggregate demand curve is AD2, what are the short-run equilibrium price level and real GDP?

• A) 130 and $12 trillion
• B) 130 and $11.5 trillion
• C) 120 and $11.5 trillion
• D) 120 and $12 trillion

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Definitions:

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The total amount of money earned by members of a family, contributing to the household's overall financial resources and impacting their standard of living.

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Spanish

A Romance language originating from the Iberian Peninsula and now spoken by around 460 million people globally as a first or second language.