Use the Figure Below to Answer the Following Questions

question 51

Multiple Choice

Use the figure below to answer the following questions.

Figure 28.1.3
-Refer to Figure 28.1.3.Assume that the figure illustrates an economy initially in equilibrium at the intersection of the SAS? curve and the AD? curve.If the aggregate demand curve is expected to shift to AD? but remains at AD?,the new equilibrium real GDP is ________ and the new equilibrium price level is ________.

• A)$380 billion;100
• B)$500 billion;150
• C)$500 billion;100
• D)$620 billion;125
• E)$380 billion;125

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Definitions:

Management Conflict

Refers to disagreements or disputes among managers or between management and employees in a workplace, often due to differences in opinions, objectives, or approaches.

Less Independence

Referring to a decrease in freedom or autonomy in making decisions or carrying out actions without reliance on others.

Joint Venture

An agreement in which two businesses form a temporary partnership to produce a product or service in a market that neither could satisfy alone.

General Partnership

A business arrangement where two or more individuals share ownership, as well as the responsibility for managing the company and the liabilities it incurs.