Exhibit 10A-6 Aggregate Demand and Supply Model

question 83

Multiple Choice

Exhibit 10A-6 Aggregate demand and supply model
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Given the shift of the aggregate demand curve from AD₁ to AD₂ in Exhibit 10A-6, the real GDP and price level (CPI) in long-run equilibrium will be:

• A) $10 billion and 200.
• B) $4 billion and 150.
• C) $10 billion and 150.
• D) $10 billion and 100.

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