Question 10 Use the graph below to answer a question. 600 500 AS 400 Price Level (average price) 300 If full-employment real GDP is $1,050 billion, what problem does this

Question 10
Use the graph below to answer a question.
600
500
AS
400
Price Level (average price)
300
If full-employment real GDP is $1,050 billion, what problem does this economy have?
200
100
200 400 600 800 1,000 1,200 1,400
Real GDP (in billions of dollars per year)
This economy has a recessionary gap.
O This economy does not have a problem
This economy has an inflationary gap.
D
Question 11
Use the graph below to answer a question.
600
500
400
Price Level (average price)
300
If full-employment real GDP is $1,080 billion, how large is the real GDP gap $_ billion
200
100
200 400 600 800 1,000 1,200 1,400
Real GDP (in billions of dollars per year) explain correct option and incorrect options.

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