Question 23 Not yet answered Points out of 1.00 P Flag question AD, Price Level (average price) P. 5 .8 6.0 6.2 Real Output (trillions of dollars per year) Figure 11.1 Refer to Figure 11.1. Assume aggregate demand is represented by AD, and full employment output is $6.0 trillion. The economy confronts a real GDP gap of: Select one: Oa. $200 billion. Ob. $400 billion. Oc. $200 billion X MPC. Od. $400 billion X MPC. Question 24 Not yet answered Points out of 1.00 P Flag question Refer to Figure 11.1. Assume aggregate demand is initially represented by AD, and full employment output is $6.0 trillion. If aggregate demand increases by the amount of the GDP gap, equilibrium will occur at Select one: Oa. Point b Ob. Point d Oc. Point e Od. Point c. Information P Flag