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The Aggregate Demand - Aggregate Supply Model Is Used To

Question 1

Multiple Choice

The aggregate demand - aggregate supply model is used to:


A) explain changes in the prices and quantities of a particular good or service.
B) explain the behaviour of real GDP and prices in a national economy.
C) the general price level in an economy but not the real GDP.
D) the real GDP in an economy but not the price level.

Correct Answer:

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