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Exhibit 1  Aggregate Demand and Supply Model as Shown

Question 27

Multiple Choice

Exhibit 1  Aggregate demand and supply model Exhibit 1  Aggregate demand and supply model As shown in Exhibit 1 and assuming the aggregate demand curve shifts from AD<sub>1</sub> and AD<sub>2 </sub>, the full-employment level of real GDP is: A) $12 billion. B) $8 billion. C) $150 billion. D) unable to be determined. As shown in Exhibit 1 and assuming the aggregate demand curve shifts from AD1 and AD2 , the full-employment level of real GDP is:


A) $12 billion.
B) $8 billion.
C) $150 billion.
D) unable to be determined.

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