-Refer to the Graph in the Exhibit

question 98

Multiple Choice

-Refer to the graph in the exhibit.Suppose the price level decreases.What will the new equilibrium level of real GDP be?  

• A) <$100
• B) <$20
• C) $0
• D) >$100

---

Definitions:

Social Values

Represent the important beliefs or ideals shared by members of a society concerning what is good or bad, and desirable or undesirable.

Public Policy

A governmental policy based on widely held societal values.

Legal Principles

Fundamental norms, rules, or doctrines that guide the practice of law and ensure fairness and justice in legal processes.

Stare Decisis

A legal doctrine that obligates courts to follow historical cases when making a ruling on a similar case.