Multiple Choice
Beginning from long-run equilibrium at point E1 in Exhibit 6, the aggregate demand curve shifts to AD2. The real GDP and price level (CPI) in short-run equilibrium will be:
A) $10 billion and 200.
B) $10 billion and 150.
C) $10 billion and 100.
D) $4 billion and 150.
Correct Answer:
Verified
Correct Answer:
Verified
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