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Question 8 1 pts Long Real GDP Short run run Real Price Real GDP demanded GDP level supplied (dollars) supplied (dollars) (dollars) 90 700 300

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Question 8 1 pts Long Real GDP Short run run Real Price Real GDP demanded GDP level supplied (dollars) supplied (dollars) (dollars) 90 700 300 600 100 600 400 600 110 500 500 600 120 400 600 600 The table above gives the aggregate demand and aggregate supply schedules in Lotus Land. The short-run macroeconomic equilibrium is a price level of and a real GDP of O 90; $400 100; $400 O 110; $500 O 120; $400

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