Suppose that along the aggregate demand curve, real GDP equals $14.2 trillion when the GDP deflator is 90. If the GDP deflator were 95, real GDP along the aggregate demand curve would equal
A) more than $14.2 trillion but less than $14.8 trillion.
B) less than $14.2 trillion.
C) $14.2 trillion.
D) more than $14.8 trillion.
ANSWER
B
Place an order in 3 easy steps. Takes less than 5 mins.