Exhibit 10A-6 Aggregate demand and supply model
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Given the shift of the aggregate demand curve from AD1 to AD2 in Exhibit 10A-6, the real GDP and price level (CPI) in long-run equilibrium will be:
A. $10 billion and 200.
B. $4 billion and 150.
C. $10 billion and 150.
D. $10 billion and 100.
Answer: D
Economics
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