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Exhibit 14A-1 Aggregate Demand and Supply Model

Question 38

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Exhibit 14A-1 Aggregate demand and supply model
Exhibit 14A-1 Aggregate demand and supply model As shown in Exhibit 14A-1 and assuming the aggregate demand curve shifts from AD <sub>1</sub> to AD <sub>2</sub> , the full-employment level of real GDP is: A) $12 billion. B) $8 billion. C) $150 billion. D) unable to be determined.
As shown in Exhibit 14A-1 and assuming the aggregate demand curve shifts from AD 1 to AD 2 , the full-employment level of real GDP is:


A) $12 billion.
B) $8 billion.
C) $150 billion.
D) unable to be determined.

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