Suppose that, over time, an economy has experienced decreases in real income and increases in the price level. What would account for this?
A) A decrease in aggregate demand
B) An increase in aggregate demand
C) A decrease in aggregate supply
D) An increase in aggregate supply
Correct Answer:
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Q53: Decreases in aggregate supply result in
A) an
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A) flow
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Q63: Which one of the following changes when
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