-Refer to the Above Figure

question 113

Multiple Choice

-Refer to the above figure. Unexpected expansionary monetary policy has caused the aggregate demand curve to shift to . In the short run,

• A) real GDP will be , and the price level will be .
• B) real GDP will be , and the price level will be .
• C) real GDP will be , and the price level will be above .
• D) real GDP will be between and , and the price level will be between and .

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