Try another version of these questions The graph below shows the AD-AS diagram for the US. Suppose that the economy is initially in long-run equilibrium with the price level of 900. Now suppose that the Aggregate Demand (AD) curve shifts right from AD1 (blue) to AD2 (green).
What is the new GDP in the short-run as a result of this shift? Hint Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 What is the new price level in the short-run as a result of this shift? Hint Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 What is the price level in the new long-run equilibrium as a result of this shift? Hint Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 What is GDP in the new long-run equilibrium as a result of this shift? Hint Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 What causes the economy to move from the short-run equilibrium to the new long-run equilibrium? Hint Box 1: Select the best answer
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity