Exhibit 14A-5  Macro AD-AS Model Given the Shift of the Aggregate

question 68

Multiple Choice

Exhibit 14A-5  Macro AD-AS Model Given the shift of the aggregate demand curve from AD₁ to AD₂ in Exhibit 14A-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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