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-In the Above Figure, the Economy Is at Point a When

Question 50

Multiple Choice

-In the above figure, the economy is at point A when changes occur. If the new equilibrium has a price level of 120 and real GDP of $12 billion, then it must be the case that A) aggregate supply has decreased. B) aggregate supply has increased. C) aggregate demand has increased. D) aggregate demand has decreased.
-In the above figure, the economy is at point A when changes occur. If the new equilibrium has a price level of 120 and real GDP of $12 billion, then it must be the case that


A) aggregate supply has decreased.
B) aggregate supply has increased.
C) aggregate demand has increased.
D) aggregate demand has decreased.

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