Exhibit 10-8 Aggregate demand and supply In Exhibit 10-8, if aggregate demand shifts from AD₃ to AD₄, real GDP will: A)rise from $7.0 to $8.0, and the price level will rise from 120 to 140. B)rise from $7.0 to $8.0, and the price level will rise from 120 to 170. C)rise from $7.0 to $8.0, and the price level will rise from 100 to 140. D)not change, and the price level will rise from 120 to 140. E)rise from $4.0 to $8.0, and the price level will rise from 120 to 140.

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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 AD₄, real GDP will: A)rise from $7.0 to $8.0, and the price level will rise from 120 to 140. B)rise from $7.0 to $8.0, and the price level will rise from 120 to 170. C)rise from $7.0 to $8.0, and the price level will rise from 100 to 140. D)not change, and the price level will rise from 120 to 140. E)rise from $4.0 to $8.0, and the price level will rise from 120 to 140.

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