Most economists agree that the immediate cause of the large majority of cyclical changes in the levels

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Most economists agree that the immediate cause of the large majority of cyclical changes in the levels of real output and employment is unexpected changes in ___________________. LO9.1

a. The level of total spending.

b. The level of the stock market.

c. The level of the trade deficit.

d. The level of unemployment.

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Macroeconomics

ISBN: 9781259915673

21st Edition

Authors: Campbell McConnell, Stanley Brue , Sean Flynn

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