If we are operating in the classical range of the aggregate supply curve and aggregate demand rose,

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If we are operating in the classical range of the aggregate supply curve and aggregate demand rose, then . ( LO 4 )

a) output would rise and the price level would remain the same

b) output would remain the same and the price level would rise

c) output would rise and the price level would rise

d) output would remain the same and the price level would remain the same

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Economics

ISBN: 125375

10th Edition

Authors: Stephen Slavin

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