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Figure 15-4 -In Figure 15-4,if a Is the Initial Equilibrium Point and Equilibrium

Question 57

Multiple Choice

Figure 15-4 Figure 15-4   -In Figure 15-4,if A is the initial equilibrium point and there is an unanticipated rise in aggregate demand from A D₁ to A D₂,then A) the new short run equilibrium will be at point B. B) the new long run equilibrium will be at point B. C) the new short run equilibrium will be at point D. D) real GDP per year will fall below Q₁.
-In Figure 15-4,if A is the initial equilibrium point and there is an unanticipated rise in aggregate demand from A D₁ to A D₂,then


A) the new short run equilibrium will be at point B.
B) the new long run equilibrium will be at point B.
C) the new short run equilibrium will be at point D.
D) real GDP per year will fall below Q₁.

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