-In the above figure, the aggregate demand curve is AD₂, so the long-run equilibrium level of real GDP is A) $13.5 trillion. B) more than $13 and less than $13.5 trillion. C) $13 trillion. D) None of the above answers is correct.

Question

Quizplus · Accepted Answer

In the long-run equilibrium, the aggregate demand curve intersects the long-run aggregate supply curve at the potential GDP level, which is $13 trillion.

-In the Above Figure, the Aggregate Demand Curve Is AD2

-In the Above Figure, the Aggregate Demand Curve Is AD₂