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Exhibit 5 Macro AD-AS Model Given the Shift of the Aggregate

question 81

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Exhibit 5 Macro AD-AS Model Exhibit 5 Macro AD-AS Model   Given the shift of the aggregate demand curve from AD<sub>1</sub> to AD<sub>2</sub> in Exhibit 5, the real GDP and price level (CPI) in long-run equilibrium will be: A) P<sub>2</sub>, Y<sub>1</sub>. B) P<sub>3</sub>, Y<sub>p</sub>. C) P<sub>2</sub>,Y<sub>p</sub>. D) P<sub>1, </sub>Y<sub>p</sub>. Given the shift of the aggregate demand curve from AD1 to AD2 in Exhibit 5, the real GDP and price level (CPI) in long-run equilibrium will be:


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