The Diagram Below Shows an AD/AS Model for a Hypothetical

question 4

Multiple Choice

The diagram below shows an AD/AS model for a hypothetical economy.The economy begins in long-run equilibrium at point A. FIGURE 24-4
-Refer to Figure 24-4.The positive aggregate supply shock shown in the diagram results in a new short-run equilibrium where the price level is ________ and real GDP is ________.

• A)60; 1000
• B)60; 1300
• C)90; 750
• D)90; 1200
• E)110; 1300

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Definitions:

Nerve Hearing Impairment

A type of hearing loss resulting from damage or dysfunction of the auditory nerve, affecting the transmission of sound signals to the brain.

Auditory Cortex

The part of the brain that is responsible for processing auditory information, located in the temporal lobes.

Semicircular Canals

Structures in the inner ear that are key components in maintaining balance and detecting rotational movements of the head.

Sensation

The process by which sensory receptors and the nervous system receive and represent stimuli from the environment.