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Exhibit 14A-6 Aggregate Demand and Supply Model

Question 54

Multiple Choice

Exhibit 14A-6 Aggregate demand and supply model
Exhibit 14A-6 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-6, the real GDP and price level (CPI) in long-run equilibrium will be: A) $10 billion and 200. B) $4 billion and 150. C) $10 billion and 150. D) $10 billion and 100.
Given the shift of the aggregate demand curve from AD1 to AD2 in Exhibit 14A-6, the real GDP and price level (CPI) in long-run equilibrium will be:


A) $10 billion and 200.
B) $4 billion and 150.
C) $10 billion and 150.
D) $10 billion and 100.

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