-Refer to Figure 15-6.Short-run macroeconomic equilibrium occurs at a price level of
A) 120 and real GDP of $5.5 trillion
B) 140 and real GDP of $5.5 trillion
C) 120 and real GDP of $6.5 trillion
D) 120 and real GDP of $7.5 trillion
E) 140 and real GDP of $7.5 trillion.

Question

-Refer to Figure 15-6.Short-run macroeconomic equilibrium occurs at a price level of
A) 120 and real GDP of $5.5 trillion 
B) 140 and real GDP of $5.5 trillion 
C) 120 and real GDP of $6.5 trillion 
D) 120 and real GDP of $7.5 trillion 
E) 140 and real GDP of $7.5 trillion.

Quizplus · Accepted Answer

Short-run macroeconomic equilibrium occurs where the aggregate demand curve intersects the short-run aggregate supply curve. Based on the given options, this intersection is at a price level of 120 and real GDP of $6.5 trillion.