Figure 10-1
?
In Figure 10-1, what is the equilibrium level of real GDP and equilibrium price?
A. $6,000 billion real GDP and price level of 110
B. $5,000 billion real GDP and price level of 120
C. $5,000 billion real GDP and price level of 110
D. $7,500 billion real GDP and price level of 100
Answer: A
Economics
You might also like to view...
Most international investment finance today comes from
A) portfolio and foreign direct investment. B) tax collections. C) government financing. D) the sale of antiques.
Economics
Decreases in consumption, investment, or net exports caused by an increase in government purchases are known as
A) strategic substitution. B) crowding out. C) diminishing returns. D) demand-side effects.
Economics