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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 41
Beginning from long-run equilibrium at point E 1 in Exhibit A-9, the aggregate demand curve shifts to AD 2. The real GDP and price level (CPI) in short-run equilibrium will be
A) $12 billion and 200.
B) $8 billion and 250.
C) $8 billion and 150.
D) $12 billion and 250.
EXHIBIT A-9 Aggregate Demand and Supply
A) $12 billion and 200.
B) $8 billion and 250.
C) $8 billion and 150.
D) $12 billion and 250.
EXHIBIT A-9 Aggregate Demand and Supply
Explanation
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Verified
The increase in aggregate demand causes ...
Economics for Today 9th Edition by Irvin Tucker
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