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-Refer to Figure 11

Question 14

Multiple Choice

  -Refer to Figure 11.1. Panels a)  and b)  of the Figure show the relationship between the: A)  short-run and the long-run equilibrium output. B)  planned aggregate expenditure curve and the aggregate demand curve. C)  real-balance effect and the interest-rate effect. D)  nominal and the real expenditure curves.
-Refer to Figure 11.1. Panels a) and b) of the Figure show the relationship between the:


A) short-run and the long-run equilibrium output.
B) planned aggregate expenditure curve and the aggregate demand curve.
C) real-balance effect and the interest-rate effect.
D) nominal and the real expenditure curves.

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