Figure 3 AS PRICELEVEL ADS H ADS AD: AD: REAL OUTPUT Using figure 3, a shift in aggregate demand from AD, to AD, is most likely to cause: An increase in real output and an increase in the price level An increase in real output, but no change in the price level O An increase in price level, but no change in real output An decrease in price level, but no change in real output Question 2 1 pts If full employment is greater than the macro equilibrium, which of the following best describes the impact of a leftward shift of the aggregate supply curve, ceteris paribus? A lower price level and a higher level of output O A higher price level and a lower level of output A recession or depression A higher price level and a lower level of output Question 3 1 pts Suppose the consumption function is C = 127 +0.79 Yp. If disposable income is $400, consumption is: (ex: If your answer is $575.75, then enter: 576) Use figure 5 to answer questions 4-5 Figure 5 140 120 100 Consumption (balkons of dollars per year) 60 40 20 10 20 30 40 50 60 70 Disposable Income (balkons of dollars per vear) The MPC in the economy depicted in figure 5 is: O Variable depending on the level of disposable income O 0.67 O 0.9 0 1.33