AD AS AD1 P1 Real GDP tefer to the graph. Assume that the economy Is in a recession with a price level of P and output level Q. The government then adopts an appropriate discretionary fiscal policy. What will be the most likely new equilibrium price level and output? Multiple Cholce P2 and Q4 A and Q P2 and 02 A and O3

Q: c. How much total consumer surplus will each of them receive at a price of $32?

A: Last parts C and d are answered below:

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