Consider the basic AD/AS model. Suppose firms are currently producing beyond their normal capacity. A change in AD leads to a relatively
a. small change in price level and a large change in real GDP.
b. no change in both price and output.
c. small change in price level and a small change in real GDP.
d. large change in price level and a large change in real GDP.
e. large change in price level and a small change in real GDP.
