The data in the above table indicate that the economy will be in a short-run macroeconomic equilibrium at a price level

In the year ____, our President announced that we would no longer redeem dollars for gold.

Fill in the blank(s) with the appropriate word(s).

Using Figure 1 above, if the aggregate demand curve shifts from AD1 to AD2 the result in the long run would be:

A. P1 and Y2. B. P2 and Y2. C. P3 and Y1. D. P2 and Y3.