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    Exam 31: Understanding Direct and Inverse Relationships between Variables
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    ​ Exhibit 10A-1 Aggregate Demand and Supply Model
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​ Exhibit 10A-1 Aggregate Demand and Supply Model

Question 84

Question 84

Multiple Choice

​ Exhibit 10A-1 Aggregate demand and supply model
​ Exhibit 10A-1 Aggregate demand and supply model   Given the shift of the aggregate demand curve from AD<sub>1</sub> to AD<sub>2</sub>   in Exhibit 10A-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.
Given the shift of the aggregate demand curve from AD1 to AD2   in Exhibit 10A-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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