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Author Question: Suppose the economy is on the intermediate range of the aggregate supply curve. Which of the ... (Read 71 times)

penguins

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on: Jun 30, 2018
Suppose the economy is on the intermediate range of the aggregate supply curve. Which of the following would reduce both real GDP and the price level?
 a. A decrease in aggregate supply.
  b. An increase in aggregate supply.
  c. A decrease in aggregate demand.
  d. An increase in aggregate demand.

Question 2

If the economy is not operating at full-employment real GDP, classical economists prescribe a government policy of nonintervention.
 a. True
  b. False
  Indicate whether the statement is true or false


taylorsonier

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

True


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