Exhibit 14A-1 Aggregate demand and supply model Given the shift of the aggregate demand curve from AD₁ to AD₂ in Exhibit 14A-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

Quizplus · Accepted Answer

The Answer of Exhibit 14A-1 Aggregate demand and supply model Given the shift of the aggregate demand curve from AD₁ to AD₂ in Exhibit 14A-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.

Exhibit 14A-1 Aggregate Demand and Supply Model Given the Shift