3. At price level 92: a. a GDP surplus of $12 billion occurs that drives the price...

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3. At price level 92:

a. a GDP surplus of $12 billion occurs that drives the price level up to 100.

b. a GDP shortage of $12 billion occurs that drives the price level up to 100.

c. the aggregate amount of real GDP demanded is less than the aggregate amount of real GDP supplied.

d. the economy is operating beyond its capacity to produce.

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Macroeconomics

ISBN: 9781259915673

21st Edition

Authors: Campbell McConnell, Stanley Brue , Sean Flynn

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Question Posted: Sep 28, 2024 07:01 AM

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3. At price level 92: a. a GDP surplus of $12 billion occurs that drives the price...

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Macroeconomics

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