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Author Question: Along the intermediate range of the aggregate supply curve, an increase in the aggregate demand ... (Read 71 times)

Bob-Dole

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on: Jun 30, 2018
Along the intermediate range of the aggregate supply curve, an increase in the aggregate demand curve will increase:
 a. both the price level and real GDP.
  b. only real GDP.
  c. only the price level.
  d. real GDP and reduce the price level.

Question 2

If the economy is experiencing an inflationary gap, classical economists argue that the Federal Reserve should lower interest rates.
 a. True
  b. False
  Indicate whether the statement is true or false


ecabral0

  • Sr. Member
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  • Posts: 310
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

False


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