00:01
So, here in a question we have to given a graph which is something like this we show here in a as a rough graph to understand this.
00:11
So, this is i can show a rough graph here for understand or make you understand the points clear yes here we can show price.
00:30
So, the it is a rough graph kindly understand this and we can say it is q1 q2 p1 p2.
00:47
So, now here according to the question they ask to us if the aggregate demand curve shift from ad2 to ad1 from ad2 to ad1 then the effect on real gdp we have to tell this effect on real gdp.
01:15
So, this axis shows the real gdp according to the given graph in a question.
01:21
So, according to this we can say it see when ad2 and ad1 is original supply curve.
01:30
So, this is point e that is equilibrium when ad2 shift from ad1 now they cut it here.
01:40
So, it is become e1 that is at equilibrium 1.
01:42
So, here we can say that if see for the demand curve is this and supply curve is this then the real gdp is q2, but now when it shift downward that is from ad2 to ad1 it become lower now the real gdp quantity is q1...