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 expected to remain at AD₀but shifts to AD₁, the 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 expected to remain at AD₀but shifts to AD₁, the new equilibrium real GDP is _______ and the new equilibrium price level is _______.

Quizplus · Accepted Answer

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 expected to remain at AD₀but shifts to AD₁, the new equilibrium real GDP is _______ and the new equilibrium price level is _______. A)$500 billion; 100 B)$380 billion; 125 C)$500 billion; 125 D)$620 billion; 125 E)$500 billion; 150

Use the Figure Below to Answer the Following Questions