1. Which of the following would cause an increase in both the equilibrium price level and the...

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1. Which of the following would cause an increase in both the equilibrium price level and the equilibrium level of real GDP?

&a. The Fed cuts interest rates.

&b.Business confidence decreases.

&c. Energy prices decrease.

&d.Energy prices increase.

&e. Interest rates fall accompanied by a decline in energy prices.

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Fundamentals Of Economics

ISBN: 9781133956105,9781285531847

6th Edition

Authors: William Boyes, Michael Melvin

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