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
Correct Answer:
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