-Refer to Exhibit 9-4.Assume the economy is currently in long-run equilibrium with the price level equal to P₃.If foreigners begin to buy more U.S.goods,the economy will,in the short run,move to price level equal to _________ and Real GDP equal to _________?

Question

-Refer to Exhibit 9-4.Assume the economy is currently in long-run equilibrium with the price level equal to P<sub>3</sub>.If foreigners begin to buy more U.S.goods,the economy will,in the short run,move to price level equal to _________ and Real GDP equal to _________? A) P<sub>2;</sub> Q<sub>4</sub>. B) P<sub>3;</sub> Q<sub>3</sub>. C) P<sub>4;</sub> Q<sub>2</sub>. D) P<sub>4;</sub> Q<sub>4</sub>. E) P<sub>5;</sub> Q<sub>3</sub>.

Quizplus · Accepted Answer

The Answer of -Refer to Exhibit 9-4.Assume the economy is currently in long-run equilibrium with the price level equal to P₃.If foreigners begin to buy more U.S.goods,the economy will,in the short run,move to price level equal to _________ and Real GDP equal to _________?