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72.According to the neoclassical economists, what would happen if productionexceeded total spending in an economy? Select one: a.The interest rate would increase so inducing a
72.According to the neoclassical economists, what would happen if productionexceeded total spending in an economy?
Select one:
a.The interest rate would increase so inducing a higher level of investment.
b.Spending would drop, thereby pushing the economy toward full employment.
c.Aggregate output would decline.
d.Prices and wages, but not output and employment, would decline.
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