Exhibit 9-10
-According to the graph in Exhibit 9-10,if the price level increases,the new equilibrium level of real GDP must be
A)less than $20
B)less than $100
C)zero
D)greater than $100
E)greater than $200

Question

Exhibit 9-10 
-According to the graph in Exhibit 9-10,if the price level increases,the new equilibrium level of real GDP must be
A)less than $20 
B)less than $100 
C)zero 
D)greater than $100 
E)greater than $200

Quizplus · Accepted Answer

If the price level increases, it typically leads to a decrease in the quantity of real GDP demanded, moving the equilibrium level of real GDP to a lower point on the aggregate demand curve, which would be less than $100.

Exhibit 9-10 -According to the Graph in Exhibit 9-10,if the Price Level