Use the figure below to answer the following questions.

Figure 26.3.1
-Refer to Figure 26.3.1. Short-run macroeconomic equilibrium real GDP in Econoworld is
A)$360 billion.
B)$400 billion.
C)$440 billion.
D)$480 billion.
E)$520 billion.

Question

Use the figure below to answer the following questions.
  
Figure 26.3.1
-Refer to Figure 26.3.1. Short-run macroeconomic equilibrium real GDP in Econoworld is
A)$360 billion. 
B)$400 billion. 
C)$440 billion. 
D)$480 billion. 
E)$520 billion.

Quizplus · Accepted Answer

The short-run macroeconomic equilibrium occurs at the intersection of the aggregate demand curve (AD) and the short-run aggregate supply curve (SRAS). In this figure, the intersection occurs at a real GDP level of $400 billion.

Use the Figure Below to Answer the Following Questions