Exhibit $14-6$ Aggregate supply curve

In Exhibit $14-6,$ where the GDP $=$$$1,200$ billion,

a$.$ everyone in the population over $16$ years of age is working.

b$.$ no further increases in the price level can generate more real GDP$.$

c$.$ GDP can increase to $$1,100$ billion without triggering an increase in the price level.

d$.$ the economy has reached the full$-$employment level of real GDP$.$