​ Exhibit 10A-1 Aggregate Demand and Supply Model

question 9

Multiple Choice

​ Exhibit 10A-1 Aggregate demand and supply model

Beginning from long-run equilibrium at point E₁ in Exhibit 10A-1, the aggregate demand curve shifts to AD₂ . The real GDP and price level (CPI) in short-run equilibrium will be:

• A) $12 billion and 200.
• B) $8 billion and 250.
• C) $8 billion and 150.
• D) $12 billion and 250.

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Definitions:

Omni-Channel Retail

A retail approach that provides customers with an integrated shopping experience by unifying user experiences from brick-and-mortar to mobile-browsing and everything in between.

Product Selection

The process of deciding which goods or services to offer for sale by assessing market demand, profitability, and supply chain capabilities.

Quadrant B

Another category in a strategic planning or assessment framework, representative of a different area based on two axes of analysis, suggesting varied focuses or priorities.

Distribution Networks

The channels and pathways through which a product or service is delivered to customers.