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-Refer to Exhibit 9-4

Question 92

Multiple Choice

-Refer to Exhibit 9-4.Assume the economy is currently in long-run equilibrium with the price level equal to P<sub>3</sub>.If foreigners begin to buy more U.S.goods,the economy will,in the short run,move to price level equal to _________ and Real GDP equal to _________? A) P<sub>2;</sub> Q<sub>4</sub>. B) P<sub>3;</sub> Q<sub>3</sub>. C) P<sub>4;</sub> Q<sub>2</sub>. D) P<sub>4;</sub> Q<sub>4</sub>. E) P<sub>5;</sub> Q<sub>3</sub>.
-Refer to Exhibit 9-4.Assume the economy is currently in long-run equilibrium with the price level equal to P3.If foreigners begin to buy more U.S.goods,the economy will,in the short run,move to price level equal to _________ and Real GDP equal to _________?


A) P2; Q4.
B) P3; Q3.
C) P4; Q2.
D) P4; Q4.
E) P5; Q3.

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