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The Diagram Below Shows an AD/AS Model for a Hypothetical

Question 61

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The diagram below shows an AD/AS model for a hypothetical economy.The economy begins in long-run equilibrium at point A. The diagram below shows an AD/AS model for a hypothetical economy.The economy begins in long-run equilibrium at point A. FIGURE 24-4 Refer to Figure 24-4.The positive aggregate supply shock shown in the diagram results in a new short-run equilibrium where the price level is ________ and real GDP is ________. A) 60; 1000 B) 60; 1300 C) 90; 750 D) 90; 1200 E) 110; 1300 FIGURE 24-4 Refer to Figure 24-4.The positive aggregate supply shock shown in the diagram results in a new short-run equilibrium where the price level is ________ and real GDP is ________.


A) 60; 1000
B) 60; 1300
C) 90; 750
D) 90; 1200
E) 110; 1300

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