Question

Suppose that the full employment level of nominal GDP rises in one year from ​$13.8 to ​$14.2 trillion. The​ long-run equilibrium price​ level, however, remains unchanged at 115. By how much​ (in real​ dollars) has the​ long-run aggregate supply curve shifted to the right from one year to the​ next? ​$ nothing trillion. ​(Round your answer to two decimal places.​) By how​ much, if​ any, has the aggregate demand curveLOADING... shifted to the​ right?

Answer 1

Answer: ​The answer is that, AD has shifted to exactly $0.35 trillion.

Step-by-step explanation:

It should be noticed that, AD has been shifted to exactly ​$0.35 trillion (Rounded in two decimal places.​) when the the​ long-run aggregate supply curve shifted to the right from one year to the​ next.