Question: 14. Beginning from long-run equilibrium at point E1 in Exhibit A-9, the aggregate demand curve shifts to AD2. The real GDP and price level (CPI)

14. Beginning from long-run equilibrium at point E1 in Exhibit A-9, the aggregate demand curve shifts to AD2. The real GDP and price level

(CPI) in short-run equilibrium will be

a. $12 billion and 200.

b. $8 billion and 250.

c. $8 billion and 150.

d. $12 billion and 250.

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