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Given the Shift of the Aggregate Demand Curve from AD₁

Question 60

Multiple Choice

Given the shift of the aggregate demand curve from AD₁ to AD₂ in Exhibit 1, the real GDP and price level (CPI) in long-run equilibrium will be:

A) $8 billion and 150.
B) $12 billion and 200.
C) $8 billion and 250.
D) $8 billion and 200.

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