-In the above figure, if the relevant aggregate demand curve is AD₂, what are the short-run equilibrium price level and real GDP?
A)130 and $12 trillion
B)130 and $11.5 trillion
C)120 and $11.5 trillion
D)120 and $12 trillion

Question

-In the above figure, if the relevant aggregate demand curve is AD₂, what are the short-run equilibrium price level and real GDP?
A)130 and $12 trillion 
B)130 and $11.5 trillion 
C)120 and $11.5 trillion 
D)120 and $12 trillion

Quizplus · Accepted Answer

The Answer of 
-In the above figure, if the relevant aggregate demand curve is AD₂, what are the short-run equilibrium price level and real GDP?
A)130 and $12 trillion 
B)130 and $11.5 trillion 
C)120 and $11.5 trillion 
D)120 and $12 trillion

-In the Above Figure, If the Relevant Aggregate Demand Curve