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Narrbegin Exhibit 14

Question 94

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Narrbegin Exhibit 14.2 Aggregate demand and supply Narrbegin Exhibit 14.2 Aggregate demand and supply    -In Exhibit 14.2, if aggregate demand shifts from AD<sub>1</sub> to AD<sub>3</sub>, real GDP will: A)  increase from $3 to $4 and the price level will increase from 100 to 140. B)  increase from $3 to $7 and the price level will increase from 100 to 140. C)  increase from $3 to $4 and the price level does not change. D)  increase from $3 to $7 and the price level will increase from 100 to 120.
-In Exhibit 14.2, if aggregate demand shifts from AD1 to AD3, real GDP will:


A) increase from $3 to $4 and the price level will increase from 100 to 140.
B) increase from $3 to $7 and the price level will increase from 100 to 140.
C) increase from $3 to $4 and the price level does not change.
D) increase from $3 to $7 and the price level will increase from 100 to 120.

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