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the Equilibrium Price Level Is
A)130

Question 38

Multiple Choice

 Price level  (GDP deflator)   Real GDP demanded  (trillions of 2005  dollars)   Real GDP supplied  (trillions of 2005  dollars)  80102909410086110771206813049\begin{array} { c c c } \hline \begin{array} { c } \text { Price level } \\\text { (GDP deflator) }\end{array} & \begin{array} { c } \text { Real GDP demanded } \\\text { (trillions of 2005 } \\\text { dollars) }\end{array} & \begin{array} { c } \text { Real GDP supplied } \\\text { (trillions of 2005 } \\\text { dollars) }\end{array} \\\hline 80 & 10 & 2 \\90 & 9 & 4 \\100 & 8 & 6 \\110 & 7 & 7 \\120 & 6 & 8 \\130 & 4 & 9 \\\hline\end{array}
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The equilibrium price level is


A) 130.
B) 120.
C) 100.
D) 110.
E) 90.

Correct Answer:

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