In the figure above, the economy is at an equilibrium with real GDP of $16 trillion and a price l… 1 answer below »

QUESTION 10 Price level (GDP price index 2009 100 Potential AS 130 110 150 155 160 165 170 175 Real GDP (trill of 2009 dollars) ions In the figure above, the economy is at an equilibrium with <a href=real GDP of s16 trillion and a price level of 110. At this point there is a recessionary gap. a full-employment equilibrium. price stability, an inflationary gap. an above full employment equilibrium. “>

In the figure above, the economy is at an equilibrium with real GDP of $16 trillion and a price level of 110. At this point there is a recessionary gap. a full-employment equilibrium. price stability. an inflationary gap. an above full employment equilibrium.

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