In the above figure, at the price level of 140 and real GDP of
A. $12 trillion, firms will not be able to sell all their output.
B. $4 trillion, firms will not be able to sell all their output.
C. $4 trillion, consumers will not be able to buy all the goods and services they demand.
D. $12 trillion, consumers will not be able to buy all the goods and services they demand.
Answer:A
In the above figure, at the price level of 140 and real GDP of
A. $12 trillion, firms will not be able to sell all their output. B. $4 trillion, firms will not be able to sell all their output. C. $4 trillion, consumers will not be able to buy all the goods and services they demand. D. $12 trillion, consumers will not be able to buy all the goods and services they demand.