Question: The table gives the aggregate demand schedule, the short - run aggregate supply schedule, and the long - run aggregate supply schedule for an economy

The table gives the aggregate demand schedule, the short-run aggregate supply schedule, and the long-run aggregate supply schedule for an economy
What is the quantity of real GDP at the short-run macroeconomic equilibrium?
The quantity of real GDP at the short-run macroeconomic equilibrium is $ billion.
Describe the economy's output gap.
The economy has
A. a recessionary gap of $50 billion
B. neither a recessionary gap nor an inflationary gap
C. an inflationary gap of $500 billion
D. an inflationary gap of $50 billion
\table[[\table[[Price],[level]],\table[[Real GDP],[demanded],[(GD deflator)]],\table[[Real GDP],[supplied],[in short run]],\table[[Real GDP],[supplied],[in long run]]],[100,700,200,500],[105,600,350,500],[110,500,500,500],[115,400,650,500]]
The table gives the aggregate demand schedule,

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