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Use the Figure Below to Answer the Following Questions

Question 61

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Use the figure below to answer the following questions.
Use the figure below to answer the following questions.     Figure 28.2.3 -Refer to Figure 28.2.3. Assume that the figure illustrates an economy initially in equilibrium at the intersection of the SAS₀ curve and the AD₀ curve. If the aggregate demand curve is expected to remain at AD₀ but shifts to AD₁, the new equilibrium real GDP is ________ and the new equilibrium price level is ________. A) $380 billion; 125 B) $500 billion; 150 C) $500 billion; 100 D) $620 billion; 125 E) $500 billion; 125
Figure 28.2.3
-Refer to Figure 28.2.3. Assume that the figure illustrates an economy initially in equilibrium at the intersection of the SAS₀ curve and the AD₀ curve. If the aggregate demand curve is expected to remain at AD₀ but shifts to AD₁, the new equilibrium real GDP is ________ and the new equilibrium price level is ________.


A) $380 billion; 125
B) $500 billion; 150
C) $500 billion; 100
D) $620 billion; 125
E) $500 billion; 125

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