Exhibit 14A-6 Aggregate demand and supply model Given the shift of the aggregate demand curve from AD₁ to AD₂ in Exhibit 14A-6, the real GDP and price level (CPI) in long-run equilibrium will be: A) $10 billion and 200. B) $4 billion and 150. C) $10 billion and 150. D) $10 billion and 100.

Question

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The Answer of Exhibit 14A-6 Aggregate demand and supply model Given the shift of the aggregate demand curve from AD₁ to AD₂ in Exhibit 14A-6, the real GDP and price level (CPI) in long-run equilibrium will be: A) $10 billion and 200. B) $4 billion and 150. C) $10 billion and 150. D) $10 billion and 100.

Exhibit 14A-6 Aggregate Demand and Supply Model Given the Shift