The Diagram Below Shows an AD/AS Model for a Hypothetical

question 10

Multiple Choice

The diagram below shows an AD/AS model for a hypothetical economy.The economy begins in long-run equilibrium at point A. FIGURE 24-3
-Refer to Figure 24-3.A negative shock to the economy shifts the AD curve from to .At the new short-run equilibrium,the price level is ________ and real GDP is ________.

• A)90; 900
• B)110; 800
• C)60; 1000
• D)60; 700
• E)90; 1250

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