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7. 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:
7. 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: A decrease in consumer confidence will tend to reduce RGDP and unemployment. True False
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Foundations of Mathematical Economics
Authors: Michael Carter
1st edition
262531925, 978-0262531924
