Refer to Table 10.3.1, which shows the aggregate demand and aggregate ...

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Table 10.3.1

Refer to Table 10.3.1, which shows the aggregate demand and aggregate supply schedules. Potential GDP is $600 billion. In long-run equilibrium, what is the economy's price level and real GDP?

The price level is ________ and real GDP is ________ billion.

130; $600

❌

120; $500

0%

120; $600

0%✨

130; $500

0%

125; $550

0%

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