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-Refer to the Above Figure

Question 124

Multiple Choice

-Refer to the above figure. An increase in aggregate demand beyond real Gross Domestic Product (GDP) level Y<sub>1</sub> would result in A) higher real GDP but not a higher price level. B) a lower price level but no change in real GDP. C) a higher price level but no change in real GDP. D) a lower price level and an increases in real GDP.
-Refer to the above figure. An increase in aggregate demand beyond real Gross Domestic Product (GDP) level Y1 would result in


A) higher real GDP but not a higher price level.
B) a lower price level but no change in real GDP.
C) a higher price level but no change in real GDP.
D) a lower price level and an increases in real GDP.

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