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Exhibit 12-3 -In an Economy Characterized by the Aggregate Demand Curve AD

Question 87

Multiple Choice

Exhibit 12-3 Exhibit 12-3 -In an economy characterized by the aggregate demand curve AD and the short-run aggregate supply curve SRAS<sub>50 </sub>in Exhibit 12-3, what would be the short-run equilibrium level of real GDP and the price level? A) $300 and 20 B) $500 and 20 C) $300 and 40 D) $500 and 50 E) $300 and 50
-In an economy characterized by the aggregate demand curve AD and the short-run aggregate supply curve SRAS50 in Exhibit 12-3, what would be the short-run equilibrium level of real GDP and the price level?


A) $300 and 20
B) $500 and 20
C) $300 and 40
D) $500 and 50
E) $300 and 50

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