Exhibit 14-8 Aggregate Demand and Supply

question 44

Multiple Choice

Exhibit 14-8 Aggregate demand and supply

-In Exhibit 14-8,if aggregate demand shifts from AD₁ to AD₃,

• A) real GDP will increase from $3.0 to $4.0, and the price level will increase from 100 to 140.
• B) real GDP will increase from $3.0 to $7.0, and the price level will increase from 100 to 140.
• C) real GDP will increase from $3.0 to $4.0, and the price level does not change.
• D) real GDP will increase from $3.0 to $7.0, and the price level will increase from 100 to 120.
• E) real GDP will not change and the price level will increase from 100 to 140.

---

Definitions:

Tactical Planning

The process of developing short-term actions and strategies that are aligned with an organization's longer-term goals and strategic plan.

Software Development

The process of conceiving, specifying, designing, programming, documenting, testing, and bug fixing involved in creating and maintaining applications, frameworks, or other software components.

Licensed Software Solutions

Software products that require a purchase or subscription to legally use, often providing specialized functionalities for businesses, including supply chain operations.

Principle Requirements

Fundamental or core needs that must be met to achieve a desired outcome or maintain a system’s functionality.