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Using Figure 8

Question 1

Multiple Choice

Using Figure 8.7,a shift in aggregate demand from AD<sub>4</sub> to AD<sub>5</sub> is most likely to cause A) An increase in real output and an increase in the price level. B) An increase in real output but no change in the price level. C) An increase in price level but no change in real output. D) A decrease in price level but no change in real output. Using Figure 8.7,a shift in aggregate demand from AD4 to AD5 is most likely to cause


A) An increase in real output and an increase in the price level.
B) An increase in real output but no change in the price level.
C) An increase in price level but no change in real output.
D) A decrease in price level but no change in real output.

Correct Answer:

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