Macroeconomics 11th Edition by Stephen Slavin

تمرين 17

Given the information in Figure 2: (a) If aggregate demand shifts from AD 1 to AD 2 , what happens to the level of prices and to output? (b) If aggregate demand shifts from AD 2 to AD 3 , what happens to the level of prices and to output? (c) If aggregate demand shifts from AD 3 to AD 4 , what happens to the level of prices and to output?
F igure 2