Figure 12.1: -Assuming aggregate demand is represented by AD 3 ,the economy depicted in Figure 12.1 confronts a real GDP gap of:

If aggregate demand is represented by AD3, the economy is at full employment, meaning there is no real GDP gap.

Figure 12.1: -Assuming aggregate demand is represented by AD 3 ,the economy depicted in Figure 12.1 confronts a real GDP gap of:

If aggregate demand is represented by AD3, the economy is at full employment, meaning there is no real GDP gap.

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Figure 12.1: -Assuming Aggregate Demand Is Represented by AD₃,the Economy Depicted in Economy

Question 119

Multiple Choice

Figure 12.1: Figure 12.1: -Assuming aggregate demand is represented by AD<sub>3</sub>,the economy depicted in Figure 12.1 confronts a real GDP gap of: A) Zero. B) $400 billion. C) $520 billion. D) $560 billion.
-Assuming aggregate demand is represented by AD₃,the economy depicted in Figure 12.1 confronts a real GDP gap of: