Multiple Choice
Exhibit 14-2 Aggregate demand and supply
-In Exhibit 14-2,if aggregate demand shifts from AD₃ to AD₄,real GDP will:
A) rise from $7 to $8 and the price level will rise from 120 to 140.
B) rise from $7 to $8 and the price level will rise from 120 to 170.
C) rise from $7 to $8 and the price level will rise from 100 to 140.
D) not change and the price level will rise from 120 to 140.
E) rise from $4 to $8 and the price level will rise from 120 to 140.
Correct Answer:
Verified
Correct Answer:
Verified
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