Beginning from long-run equilibrium at point E₁ in Exhibit 6, the aggregate demand curve shifts to AD₂. The real GDP and price level (CPI)in short-run equilibrium will be: A)$10 billion and 200. B)$10 billion and 150. C)$10 billion and 100. D)$4 billion and 150.

Question

Quizplus · Accepted Answer

The Answer of Beginning from long-run equilibrium at point E₁ in Exhibit 6, the aggregate demand curve shifts to AD₂. The real GDP and price level (CPI)in short-run equilibrium will be: A)$10 billion and 200. B)$10 billion and 150. C)$10 billion and 100. D)$4 billion and 150.

Beginning from Long-Run Equilibrium at Point E1 in Exhibit 6

Beginning from Long-Run Equilibrium at Point E₁ in Exhibit 6