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3. Scenario: Starting from long-run equilibrium, graphically illustrate and explain what happens to RGDP, the average price level, and unemployment if consumer confidence decreases. Question:
3. Scenario: Starting from long-run equilibrium, graphically illustrate and explain what happens to RGDP, the average price level, and unemployment if consumer confidence decreases. Question: Starting from long-run equilibrium means that actual RGDP is the same as full-employment RGDP. True False
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Introduction to Behavioral Economics
Authors: David R. Just
1st edition
0470596228, 978-0470596227
