Exhibit 22-3 
In Exhibit 22-3,at point C an increase in AD would lead to:
A) an increase in the price level and an increase in real GDP.
B) an increase in the price level and a decrease in real GDP.
C) an increase in the price level and no change in real GDP.
D) no change in the price level and an increase in real GDP.
Correct Answer:
Verified
Q124: Point A suggests: Q125: The SRAS would be vertical if: Q133: Point A suggests: Q162: The SRAS curve is _ with real Q168: If the profit effect and misperception effect Q169: If, due to rising demand, the price Q171: If there was no profit effect or Q174: If there was no misperception effect, but Q177: If, due to rising demand, the price Q192: Stagflation is generally caused by:
A) there
A)an increase in
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