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

question 22

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 24-4
-Refer to Figure 24-4.Following the positive AS shock shown in the diagram,the adjustment process will take the economy to a long-run equilibrium where the price level is ________ and real GDP is ________.

• A)60; 1000
• B)60; 1300
• C)90; 750
• D)90; 1200
• E)110; 1000

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