-Refer to the above diagram.If aggregate supply is AS₁ and aggregate demand is AD₀,then: A) at any price level above G a shortage of real output would occur. B) F represents a price level which would result in a surplus of real output of AC. C) a surplus of real output of GH would occur. D) F represents a price level which would result in a shortage of real output of AC.

Question

Quizplus · Accepted Answer

The Answer of -Refer to the above diagram.If aggregate supply is AS₁ and aggregate demand is AD₀,then: A) at any price level above G a shortage of real output would occur. B) F represents a price level which would result in a surplus of real output of AC. C) a surplus of real output of GH would occur. D) F represents a price level which would result in a shortage of real output of AC.

-Refer to the Above Diagram