4. If an economy has fully flexible prices and demand unexpectedly increases, you would expect that the
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4. If an economy has fully flexible prices and demand unexpectedly increases, you would expect that the economy’s real GDP would tend to: LO6.4
a. Increase.
b. Decrease.
c. Remain the same.
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Related Book For
Macroeconomics
ISBN: 9781259915673
21st Edition
Authors: Campbell McConnell, Stanley Brue , Sean Flynn
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