Exhibit 10-8 Aggregate demand and supply In Exhibit 10-8, if aggregate demand shifts from AD₃ to AD₂, real GDP will: A)fall from $7.0 to $4.0, and the price level will not change. B)not change, and the price level will fall from 120 to 100. C)fall from $7.0 to $3.0, and the price level will fall from 120 to 100. D)fall from $8.0 to $4.0, and the price level will fall from 120 to 100. E)fall from $7.0 to $4.0, and the price level will fall from 120 to 100.

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The Answer of Exhibit 10-8 Aggregate demand and supply In Exhibit 10-8, if aggregate demand shifts from AD₃ to AD₂, real GDP will: A)fall from $7.0 to $4.0, and the price level will not change. B)not change, and the price level will fall from 120 to 100. C)fall from $7.0 to $3.0, and the price level will fall from 120 to 100. D)fall from $8.0 to $4.0, and the price level will fall from 120 to 100. E)fall from $7.0 to $4.0, and the price level will fall from 120 to 100.

Exhibit 10-8 Aggregate Demand and Supply in Exhibit 10-8