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question 64

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Use the following to answer questions .
Exhibit: Long-run Equilibrium Use the following to answer questions . Exhibit: Long-run Equilibrium   -(Exhibit: Long-run Equilibrium)  Changes in aggregate demand from AD<sub>1</sub> to either AD<sub>2</sub> or AD<sub>3</sub> A)  will change nominal GDP but will not change real GDP in the long run. B)  will change real GDP but will not change nominal GDP in the long run. C)  will change the potential level of real GDP. D)  will change the price level and real GDP.
-(Exhibit: Long-run Equilibrium) Changes in aggregate demand from AD1 to either AD2 or AD3


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A psychological defense mechanism where an individual refuses to accept reality or facts, often in response to a traumatic event.

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