Answer questions

1:

(A) (B) AS, AS, Price Level Price Leven AD Real GDP Real GDP (C) (D) AS Price Level Price Level AD X AD, Real GDP Real GDP Which of the above diagrams best portrays the effects of an increase in consumer spending? O a. D. Ob. B O c. C O d. A.AS, Price Level AD, HAD, I Q. Q, Q, Real GDP Refer the figure above. If equilibrium real output is Q2, then O a. the equilibrium price level is P1 O b. the equilibrium price level is P2 O c. aggregate demand is AD1 O d. producers will supply output level Q1Potential AS. Output Price Level C e I'AD. AD. Real GDP Refer to the figure above. As a result of the shift in aggregate demand from ADo to AD,, equilibrium real output changes from: O a. of to ab. O b. cd to ab O c. cd to cf O d. ce to cf