Solved

Exhibit 5 Macro AD-AS Model Given the Shift of the Aggregate

Question 81

Multiple Choice

Exhibit 5 Macro AD-AS Model Exhibit 5 Macro AD-AS Model Given the shift of the aggregate demand curve from AD<sub>1</sub> to AD<sub>2</sub> in Exhibit 5, the real GDP and price level (CPI) in long-run equilibrium will be: A) P<sub>2</sub>, Y<sub>1</sub>. B) P<sub>3</sub>, Y<sub>p</sub>. C) P<sub>2</sub>,Y<sub>p</sub>. D) P<sub>1, </sub>Y<sub>p</sub>. Given the shift of the aggregate demand curve from AD1 to AD2 in Exhibit 5, the real GDP and price level (CPI) in long-run equilibrium will be:


A) P2, Y1.
B) P3, Yp.
C) P2,Yp.
D) P1, Yp.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q17: ​ Along the short-run aggregate supply curve

Q49: The short-run aggregate supply curve is:<br>A) upward-sloping.<br>B)

Q59: Economic growth is represented by a:<br>A) rightward

Q64: Which of the following causes a leftward

Q74: Exhibit 6 Aggregate demand and supply model

Q75: The long-run aggregate supply curve (LRAS) corresponds

Q75: In Exhibit 3, the self-correction argument is

Q77: As shown in Exhibit 1, the economy's

Q79: In Exhibit 3, the intersection of AD

Q92: If an economy is operating at short-run