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Figure 10-18 Beginning from Long-Run Equilibrium at Point E1

Question 67

Multiple Choice

Figure 10-18 Figure 10-18 Beginning from long-run equilibrium at point E<sub>1</sub> in Figure 10-18, the aggregate demand curve shifts to AD<sub>2</sub>. 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. Beginning from long-run equilibrium at point E1 in Figure 10-18, 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.

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