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

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The Answer of 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.

Given the Shift of the Aggregate Demand Curve from AD₁