Given the shift of the aggregate demand curve from AD₁ to AD₂ in Exhibit 1, the real GDP and price level (CPI)in long-run equilibrium will be: A)$8 billion and 150. B)$12 billion and 200. C)$8 billion and 250. D)$8 billion and 200.

Question

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The Answer of Given the shift of the aggregate demand curve from AD₁ to AD₂ in Exhibit 1, the real GDP and price level (CPI)in long-run equilibrium will be: A)$8 billion and 150. B)$12 billion and 200. C)$8 billion and 250. D)$8 billion and 200.

Given the Shift of the Aggregate Demand Curve from AD1

Given the Shift of the Aggregate Demand Curve from AD₁