-Refer to the above figure. Suppose the current aggregate demand is represented by AD₂. If aggregate demand falls to line AD₃, then
A)the new equilibrium will be at j.
B)the new equilibrium will be at k.
C)the new equilibrium real Gross Domestic Product (GD
P)will be x.
D)a new price level will be established at a.

Question

-Refer to the above figure. Suppose the current aggregate demand is represented by AD₂. If aggregate demand falls to line AD₃, then
A)the new equilibrium will be at j. 
B)the new equilibrium will be at k. 
C)the new equilibrium real Gross Domestic Product (GD
P)will be x. 
D)a new price level will be established at a.

Quizplus · Accepted Answer

The Answer of 
-Refer to the above figure. Suppose the current aggregate demand is represented by AD₂. If aggregate demand falls to line AD₃, then
A)the new equilibrium will be at j. 
B)the new equilibrium will be at k. 
C)the new equilibrium real Gross Domestic Product (GD
P)will be x. 
D)a new price level will be established at a.

-Refer to the Above Figure