Exhibit 10-7 Aggregate supply and demand curves In Exhibit 10-7, if aggregate demand increases from AD₁ to AD₂, A) output and prices will increase. B) output and prices will decrease. C) output alone will increase. D) prices alone will increase.

Question

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The Answer of Exhibit 10-7 Aggregate supply and demand curves In Exhibit 10-7, if aggregate demand increases from AD₁ to AD₂, A) output and prices will increase. B) output and prices will decrease. C) output alone will increase. D) prices alone will increase.

Exhibit 10-7 Aggregate Supply and Demand Curves