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

question 81

Multiple Choice

Exhibit 5 Macro AD-AS Model 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:

• A)P₂, Y₁.
• B)P₃, Y_p.
• C)P₂,Y_p.
• D)P_1, Y_p.

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