Question 13 Not yet answered Points out of 1.00 P Flag question Figure 1 Price Level Output Level Using figure 1, a shift in aggregate demand from AD; to AD, is most likely to cause: Select one: Oa. An increase in real output and an increase in the price level Ob. An increase in real output, but no change in the price level Oc. An increase in price level, but no change in real output Od. An decrease in price level, but no change in real output Question 14 Not yet answered Points out of 1.00 F Flag question 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? Select one: Oa. A higher price level and a higher level of output Ob. A higher price level and a lower level of output Oc. A lower price level and a lower level of output Od. A lower price level and a higher level of output Question 15 Not yet answered Points out of 1.00 P Flag question Generally speaking, an increase in aggregate demand will lead to (assuming the short-run): Select one: Ja. A higher price level and an increase in real GDP Ob. A higher price level only Oc. An increase in real GDP only Od. A decrease in real GDP