A decrease in the price level will reduce business confidence and cause a decrease in equilibrium GDP.
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Q1: Due to the multiplier effect,a decrease in
Q2: The aggregate demand curve
A) is a horizontal
Q3: Q4: In the aggregate demand-aggregate supply model,an increase Q6: Equilibrium real GDP is Q7: Which of the following would lead to Q8: The aggregate demand curve tells us the Q9: The aggregate demand curve Q10: Which of the following would lead to Q11: An increase in the price level will
A) independent of the
A) represents the relationship
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