In the figure above, the economy is at an equilibrium with real GDP of $13 trillion and a price level of 110. As the economy moves toward its ultimate equilibrium, the ________ curve shifts ________.
A)aggregate supply; leftward
B)aggregate supply; rightward
C)aggregate demand; rightward
D)aggregate demand; leftward
E)potential GDP; leftward

Question

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The Answer of In the figure above, the economy is at an equilibrium with real GDP of $13 trillion and a price level of 110. As the economy moves toward its ultimate equilibrium, the ________ curve shifts ________.
A)aggregate supply; leftward
B)aggregate supply; rightward
C)aggregate demand; rightward
D)aggregate demand; leftward
E)potential GDP; leftward

In the Figure Above, the Economy Is at an Equilibrium