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Exhibit 5-3 -In Exhibit 5-3 AD1 and AS1 Represent the Initial Aggregate

Question 36

Multiple Choice

Exhibit 5-3 Exhibit 5-3 -In Exhibit 5-3 AD<sub>1</sub> and AS<sub>1</sub> represent the initial aggregate demand and aggregate supply.The equilibrium price level and real GDP is? A) P<sub>3</sub> and GDP<sub>6</sub> B) P<sub>6</sub> and GDP<sub>5</sub> C) P<sub>4</sub> and GDP<sub>3</sub> D) P<sub>1</sub> and GDP<sub>4</sub> E) P<sub>5</sub> and GDP<sub>2</sub>
-In Exhibit 5-3 AD1 and AS1 represent the initial aggregate demand and aggregate supply.The equilibrium price level and real GDP is?


A) P3 and GDP6
B) P6 and GDP5
C) P4 and GDP3
D) P1 and GDP4
E) P5 and GDP2

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