Multiple Choice
Exhibit 5.2
-Refer to Exhibit 5.2, which shows the aggregate demand and supply curves for the United States. Between period 1 and period 2, nominal GDP changed from $40,000 to:
A) $18,000 in period 1 and went back to $40,000 in period 2.
B) $18,000 in period 1 and stayed there in period 2.
C) $18,000 in period 1 and to $10,000 in period 2.
D) $10,000 in period 1 and stayed there in period 2.
E) $10,000 in period 1 and to $18,000 in period 2.
Correct Answer:

Verified
Correct Answer:
Verified
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