Refer to Figure 11

question 138

Multiple Choice

Refer to Figure 11.3.Assume aggregate demand is represented by AD₁ and full-employment output is $5.6 trillion.If aggregate demand decreases by the amount of the GDP gap,equilibrium will occur at

• A)Point a.
• B)Point b.
• C)Point c.
• D)Point D.Equilibrium occurs where the new aggregate demand AD₂ and AS intersect,at point c.

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