-Refer to the Above Figure

question 210

Multiple Choice

-Refer to the above figure. An increase in aggregate demand between real Gross Domestic Product (GDP) levels Y0 and Y1

• A) would most likely result in some inflation.
• B) would not increase output since the economy is already working at full capacity.
• C) would have no effect on the price level.
• D) would cause price levels to fall.

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