Exhibit 5 Macro AD-AS Model Given the shift of the aggregate demand curve from AD₁ to AD₂ in Exhibit 5, the real GDP and price level (CPI)in long-run equilibrium will be: A)P₂, Y₁. B)P₃, Y_p. C)P₂,Y_p. D)P_1,Y_p.

Question

Quizplus · Accepted Answer

The Answer of Exhibit 5 Macro AD-AS Model Given the shift of the aggregate demand curve from AD₁ to AD₂ in Exhibit 5, the real GDP and price level (CPI)in long-run equilibrium will be: A)P₂, Y₁. B)P₃, Y_p. C)P₂,Y_p. D)P_1,Y_p.

Exhibit 5 Macro AD-AS Model Given the Shift of the Aggregate