Use the Following to Answer Questions

question 104

Multiple Choice

Use the following to answer questions:
-(Figure: AD-AS Model and the Short-Run Phillips Curve) Refer to Figure: AD-AS Model and the Short-Run Phillips Curve. If the central bank increases the money supply so that aggregate demand shifts from AD₁ to AD₂, then real GDP will increase by:

• A) zero.
• B) 2%.
• C) 4%.
• D) 6%.

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