Exhibit 1 Aggregate demand and supply model As shown in Exhibit 1 and assuming the aggregate demand curve shifts from AD₁ and AD₂, the full-employment level of real GDP is: A)$12 billion. B)$8 billion. C)$150 billion. D)unable to be determined.

Question

Quizplus · Accepted Answer

The Answer of Exhibit 1 Aggregate demand and supply model As shown in Exhibit 1 and assuming the aggregate demand curve shifts from AD₁ and AD₂, the full-employment level of real GDP is: A)$12 billion. B)$8 billion. C)$150 billion. D)unable to be determined.

Exhibit 1 Aggregate Demand and Supply Model as Shown