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175 170 Price Level 165 160 B 155 Aggregate Supply A Ci 150 Aggregate Demand 145 (new) 140 Aggregate Demand 135 - 8 10 12

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175 170 Price Level 165 160 B 155 Aggregate Supply A Ci 150 Aggregate Demand 145 (new) 140 Aggregate Demand 135 - 8 10 12 14 16 QE QF Real GDP QE = equilibrium output QF = full employment rate of output Real GDP is in billions The amount of the AD shortfall is: Select one: Oa. $2 billion Ob. $4 billion Oc. $8 billion Od. $10 billion Oe. $12 billion

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