Use the figure below to answer the following questions.
Figure 28.1.3
-Refer to Figure 28.1.3.Assume that the figure illustrates an economy initially in equilibrium at the intersection of the SAS? curve and the AD? curve.If the aggregate demand curve is expected to remain at AD? but shifts to AD?,the new equilibrium real GDP is ________ and the new equilibrium price level is ________.
A) $380 billion;125
B) $500 billion;150
C) $500 billion;100
D) $620 billion;125
E) $500 billion;125
Correct Answer:
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