Narrbegin Exhibit 14.2 Aggregate demand and supply
-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:
Verified
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