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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 12
Circle the letter that corresponds to the best answer. If we are operating in the classical range of the aggregate supply curve and aggregate demand rose,
Then ________.
A) output would rise and the price level would remain the same
B) output would remain the same and the price level would rise
C) output would rise and the price level would rise
D) output would remain the same and the price level would remain the same
Then ________.
A) output would rise and the price level would remain the same
B) output would remain the same and the price level would rise
C) output would rise and the price level would rise
D) output would remain the same and the price level would remain the same
Explanation
Verified
Verified
Classical economists say that, if the pe...
Macroeconomics 11th Edition by Stephen Slavin
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