Solved

Narrbegin Exhibit 14

Question 108

Multiple Choice

Narrbegin Exhibit 14.2 Aggregate demand and supply Narrbegin Exhibit 14.2 Aggregate demand and supply    -In Exhibit 14.2, if aggregate demand shifts from AD<sub>1</sub> to AD<sub>3</sub>, real GDP will: A)  increase from $3 to $4 and the price level will increase from 100 to 140. B)  increase from $3 to $7 and the price level will increase from 100 to 140. C)  increase from $3 to $4 and the price level does not change. D)  increase from $3 to $7 and the price level will increase from 100 to 120.
-In Exhibit 14.2, if aggregate demand shifts from AD1 to AD3, real GDP will:


A) increase from $3 to $4 and the price level will increase from 100 to 140.
B) increase from $3 to $7 and the price level will increase from 100 to 140.
C) increase from $3 to $4 and the price level does not change.
D) increase from $3 to $7 and the price level will increase from 100 to 120.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents