-Based on the figure above, short- run equilibrium occurs at the price level of
A)140 and real GDP of $12 billion.
B)130 and real GDP of $12 billion.
C)120 and real GDP of $4 billion.
D)130 and real GDP of $8 billion.

Name: -Based on the figure above, short- run equilibrium occurs at the price level of A)140 and real GDP of $12 billion. B)130 and real GDP of $12 billion. C)120 and real GDP of $4 billion. D)130 and real GDP of $8 billion.
Brand: Quizplus
Rating: 4.7 (38 reviews)

Question

-Based on the figure above, short- run equilibrium occurs at the price level of
A)140 and real GDP of $12 billion. 
B)130 and real GDP of $12 billion. 
C)120 and real GDP of $4 billion. 
D)130 and real GDP of $8 billion.

Quizplus · Accepted Answer

The Answer is D

-Based on the Figure Above, Short- Run Equilibrium Occurs at the Price