The Figure Shown Displays Various Economic Outcomes

question 103

Multiple Choice

The figure shown displays various economic outcomes. If the aggregate demand curve shifts from AD₂ to AD₃, the resulting price and output in the long run would be:

• A) P ₁ and Y ₂.
• B) P ₂ and Y ₂.
• C) P ₁ and Y ₁.
• D) P ₄ and Y ₂.

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