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Exhibit 14A-1  Aggregate Demand and Supply Model Given the Shift

Question 1

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Exhibit 14A-1  Aggregate demand and supply model Exhibit 14A-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 14A-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 14A-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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