Multiple Choice
-Refer to the above figure. Unexpected contractionary monetary policy has caused the aggregate demand curve to shift to . In the long run,
A) real GDP will be , and the price level will be
.
B) real GDP will be , and the price level will be
.
C) real GDP will be between and
, and the price level will be above
.
D) real GDP will be between , and the price level will be below
.
Correct Answer:

Verified
Correct Answer:
Verified
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