Exhibit 10-8 Aggregate demand and supply
In Exhibit 10-8, if aggregate demand shifts from AD1 to AD2,
A) real GDP will increase from $3.0 to $7.0, and the price level will remain the same.
B) real GDP will increase from $3.0 to $4.0, and the price level will remain the same.
C) real GDP and the price level will both remain the same.
D) real GDP will increase from $3.0 to $4.0, and the price level will increase from 100 to 140.
Correct Answer:
Verified
Q141: Exhibit 10-6 Aggregate supply curve 
Q142: Exhibit 10-7 Aggregate supply and demand curves
Q143: Exhibit 10-6 Aggregate supply curve 
Q144: Exhibit 10-6 Aggregate supply curve 
Q145: Exhibit 10-8 Aggregate demand and supply
Q147: Exhibit 10-8 Aggregate demand and supply
Q148: Exhibit 10-8 Aggregate demand and supply
Q149: Exhibit 10-5 Aggregate demand curves 
Q150: Exhibit 10-6 Aggregate supply curve 
Q151: Exhibit 10-8 Aggregate demand and supply
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