Question: Price level 1 0 2 0 3 0 4 0 5 0 6 0 7 0 8 0 9 0 1 0 0 Real GDP

Price level 102030405060708090100
Real GDP supplied $500600680750800880910940960970
Real GDP demanded $960920880840800760720680640600
Instructions: Enter your responses as a whole number.
a. What is the rate of equilibrium GDP?
b. If full employment occurs at a real output level of $600, how large is the real GDP gap?
c. If AD changes enough to restore full employment, what will the price level be?

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