Exhibit 14A-1 Aggregate demand and supply model 
As shown in Exhibit 14A-1 and assuming the aggregate demand curve shifts from AD1 and AD2 , the full-employment level of real GDP is:
A) $12 billion.
B) $8 billion.
C) $150 billion.
D) unable to be determined.
Correct Answer:
Verified
Q41: Exhibit 14A-2 Macro AD-AS Model Q42: Beginning from a position of long-run equilibrium Q43: Exhibit 14A-1 Aggregate demand and supply model Q44: Exhibit 14A-1 Aggregate demand and supply model Q45: Which of the following would cause an Q47: Suppose that the economy is in a Q48: Exhibit 14A-1 Aggregate demand and supply model Q49: Exhibit 14A-1 Aggregate demand and supply model Q50: Beginning from a position of long-run equilibrium Q51: Exhibit 14A-1 Aggregate demand and supply model 
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