3. (LO 4) Starting from equilibrium, explain in terms of changes in either AD or in AS...

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3. (LO 4) Starting from equilibrium, explain in terms of changes in either AD or in AS (not both) how each of the following results could have occurred.

a) Real GDP increases, and the price level increases.

b) Real GDP decreases, and the price level increases.

c) Real GDP increases, and the price level decreases.

d) Real GDP decreases, and the price level decreases.

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Principles Of Macroeconomics

ISBN: 9780226818399

8th Edition

Authors: Sayre, J.E.; Morris, A.J.

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Question Posted: Nov 11, 2024 02:00 AM

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3. (LO 4) Starting from equilibrium, explain in terms of changes in either AD or in AS...

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Principles Of Macroeconomics

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