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Exhibit 14A-5  Macro AD-AS Model Given the Shift of the Aggregate

Question 68

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Exhibit 14A-5  Macro AD-AS Model Exhibit 14A-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 14A-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 14A-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.

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