The level of Real GDP and the price level always have a direct relationship.
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Q15: When wage rates rise the short-run aggregate
Q16: Some of the factors that can shift
Q17: As interest rates drop,households tend to borrow
Q18: An adverse supply shock results in an
Q19: An aggregate demand (AD)curve shows the
A) amount
Q21: The interest rate effect is one of
Q22: If consumption changes because of a change
Q23: If some of a person's wealth is
Q24: As the price level falls,
A) the purchasing
Q25: If investment changes because of a change
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