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Economics for Today 9th Edition by Irvin Tucker
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Given the shift of the aggregate demand curve from AD 1 to AD 2 in Exhibit A-9, the real GDP and price level (CPI) in long-run equilibrium will be
A) $8 billion and 150.
B) $12 billion and 200.
C) $8 billion and 250.
D) $8 billion and 200.
EXHIBIT A-9 Aggregate Demand and Supply
A) $8 billion and 150.
B) $12 billion and 200.
C) $8 billion and 250.
D) $8 billion and 200.
EXHIBIT A-9 Aggregate Demand and Supply
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The increase in aggregate demand causes ...
Economics for Today 9th Edition by Irvin Tucker
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