Use the figure below to answer the following questions.
Figure 12.2.3
-Refer to Figure 12.2.3.Assume that the figure illustrates an economy initially in equilibrium at the intersection of the SAS₀curve and the AD₀curve.If the aggregate demand curve is correctly expected to shift to AD₁, new equilibrium real GDP is _______ and the new equilibrium price level is _______.

Question

Use the figure below to answer the following questions.

Figure 12.2.3
-Refer to Figure 12.2.3.Assume that the figure illustrates an economy initially in equilibrium at the intersection of the SAS₀curve and the AD₀curve.If the aggregate demand curve is correctly expected to shift to AD₁, new equilibrium real GDP is _______ and the new equilibrium price level is _______.

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The Answer of Use the figure below to answer the following questions. Figure 12.2.3 -Refer to Figure 12.2.3.Assume that the figure illustrates an economy initially in equilibrium at the intersection of the SAS₀curve and the AD₀curve.If the aggregate demand curve is correctly expected to shift to AD₁, new equilibrium real GDP is _______ and the new equilibrium price level is _______. A)$500 billion; 150 B)$620 billion; 125 C)$380 billion; 125 D)$500 billion; 100 E)$500 billion; 125

Use the Figure Below to Answer the Following Questions