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Figure 7-2 -Refer to Figure 7-2. Changes in Aggregate Demand from AD1

Question 115

Multiple Choice

Figure 7-2 Figure 7-2 -Refer to Figure 7-2. Changes in aggregate demand from AD<sub>1</sub> to either AD<sub>2</sub> or AD<sub>3</sub> A) will change nominal GDP but will not change real GDP in the long run. B) will change real GDP but will not change nominal GDP in the long run. C) will change the potential level of real GDP. D) will change the price level and real GDP.
-Refer to Figure 7-2. Changes in aggregate demand from AD1 to either AD2 or AD3


A) will change nominal GDP but will not change real GDP in the long run.
B) will change real GDP but will not change nominal GDP in the long run.
C) will change the potential level of real GDP.
D) will change the price level and real GDP.

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