Economics A Level: Lets say at Price P, it creates a Y of Real GDP
-The AD Curve shifts to the Left. What happens now?

Question

Lets say at Price P, it creates a Y of Real GDP
-The AD Curve shifts to the Left. What happens now?

go kys · Accepted Answer

-At the Same Price, there will be Left Real GDP producing [Y2]
-Furthermore, the Same Output from the old AD Curve will have a Lower Price on the new AD Curve

Economics A Level

Lets say at Price P, it creates a Y of Real GDP -The AD Curve shifts to the Left. What happens now?

-At the Same Price, there will be Left Real GDP producing [Y2] -Furthermore, the Same Output from the old AD Curve will have a Lower Price on the new AD Curve

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