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

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.

Quizplus · Accepted Answer

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