?Exhibit 10A-1 Aggregate demand and supply model
Given the shift of the aggregate demand curve from AD1 to AD2 in Exhibit 10A-1, the real GDP and price level (CPI) in long-run equilibrium will be:
A. $8 billion and 150.
B. $12 billion and 200.
C. $8 billion and 250.
D. $8 billion and 200.
Answer: C
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