Use the figure below to answer the following questions.
Figure 10.3.2
-Refer to Figure 10.3.2.Short- run macroeconomic equilibrium real GDP is _______ billion.
A)$500
B)$550
C)$650
D)$600
E)$475

Question

Use the figure below to answer the following questions.
  Figure 10.3.2
-Refer to Figure 10.3.2.Short- run macroeconomic equilibrium real GDP is _______ billion.
A)$500 
B)$550 
C)$650 
D)$600 
E)$475

Quizplus · Accepted Answer

The short-run equilibrium real GDP occurs where the AD and SRAS curves intersect, which is at $600 billion in this figure.

Use the Figure Below to Answer the Following Questions