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.Following the negative AD shock shown in the diagram (from 
to 
) ,the adjustment process will take the economy to a long-run equilibrium where the price level is ________ and real GDP is ________.
Definitions:
Asbestosis
A lung disease resulting from the inhalation of asbestos particles, characterized by fibrosis of the lungs and breathing difficulties.
Internal Respiration
The exchange of gases (oxygen and carbon dioxide) between the blood and the body cells.
Alveoli
Microscopic air sacs in the lung.
Carbon Dioxide
A colorless, odorless gas produced by burning carbon and organic compounds and by respiration, essential for plant photosynthesis but a contributor to global warming when in excess.
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