Use the figure below to answer the following questions.

Figure 26.3.2
-Refer to Figure 26.3.2. Short-run macroeconomic equilibrium real GDP in Mythlo is ________ billion.
A)$500
B)$650
C)$550
D)$600
E)$475

Question

Use the figure below to answer the following questions.
  
Figure 26.3.2
-Refer to Figure 26.3.2. Short-run macroeconomic equilibrium real GDP in Mythlo is ________ billion.
A)$500 
B)$650 
C)$550 
D)$600 
E)$475

Quizplus · Accepted Answer

The short-run macroeconomic equilibrium real GDP is the point where the aggregate demand (AD) curve intersects the short-run aggregate supply (SRAS) curve. From the figure, we can see that the AD curve intersects the SRAS curve at a real GDP of approximately $600 billion. Therefore, the answer is D.

Use the Figure Below to Answer the Following Questions