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The Diagram Below Shows an AD/AS Model for a Hypothetical

Question 97

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The diagram below shows an AD/AS model for a hypothetical economy.The economy begins in long-run equilibrium at point A. The diagram below shows an AD/AS model for a hypothetical economy.The economy begins in long-run equilibrium at point A. FIGURE 24-3 -Refer to Figure 24-3.Following the negative AD shock shown in the diagram (from to ) ,the adjustment process will take the economy to a long-run equilibrium where the price level is ________ and real GDP is ________. A) 110; 1000 B) 60; 1000 C) 90; 900 D) 110; 800 E) 90; 1250 FIGURE 24-3
-Refer to Figure 24-3.Following the negative AD shock shown in the diagram (from The diagram below shows an AD/AS model for a hypothetical economy.The economy begins in long-run equilibrium at point A. FIGURE 24-3 -Refer to Figure 24-3.Following the negative AD shock shown in the diagram (from to ) ,the adjustment process will take the economy to a long-run equilibrium where the price level is ________ and real GDP is ________. A) 110; 1000 B) 60; 1000 C) 90; 900 D) 110; 800 E) 90; 1250 to The diagram below shows an AD/AS model for a hypothetical economy.The economy begins in long-run equilibrium at point A. FIGURE 24-3 -Refer to Figure 24-3.Following the negative AD shock shown in the diagram (from to ) ,the adjustment process will take the economy to a long-run equilibrium where the price level is ________ and real GDP is ________. A) 110; 1000 B) 60; 1000 C) 90; 900 D) 110; 800 E) 90; 1250 ) ,the adjustment process will take the economy to a long-run equilibrium where the price level is ________ and real GDP is ________.


A) 110; 1000
B) 60; 1000
C) 90; 900
D) 110; 800
E) 90; 1250

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