The Figure Given Below Represents the Equilibrium Real GDP and Price

question 71

Multiple Choice

The figure given below represents the equilibrium real GDP and price level in the aggregate demand and aggregate supply model. Figure 8.3 Refer to Figure 8.3.Potential GDP is greater than real GDP at all output levels:

• A)above $300 billion.
• B)between $300 billion and $400 billion.
• C)above $400 billion.
• D)below $300 billion.
• E)above $500 billion.

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