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Part B If Full Employment Occurs

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N
Use the following data to answer three questions:
Price Level
8
8
100
Real GDP supplied
$500
600
680
750
800
880
910
940
960
970
nts
Real GDP demanded
$960
920
880
840
800
760
720
680
640
600
Instructions: Enter your responses as a whole number.
a. What is the equilibrium GDP?
$ 800
eBook
b. If full employment occurs at a real output level of $910, how large is
the real GDP gap?
c. If AD increases enough to restore full employment, what will the price
Print
level be?
ReferencesEconomics