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Suppose the Following: (1)the Wage Rate Rises,(2)the Interest Rate Rises,(3)any

Question 173

Multiple Choice

Suppose the following: (1) the wage rate rises,(2) the interest rate rises,(3) any change in AD is greater than any change in SRAS.Based on this information,in the short run Real GDP will __________ and the price level will __________.


A) rise; rise
B) fall; rise
C) fall; fall
D) rise; fall

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