Figure 10-1
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In Figure 10-1, what is the equilibrium level of real GDP and equilibrium price?
A. $6,000 billion real GDP and price level of 110
B. $5,000 billion real GDP and price level of 120
C. $5,000 billion real GDP and price level of 110
D. $7,500 billion real GDP and price level of 100
Answer: A
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