Question
An increase in foreign real GDP A. increases aggregate demand (AD), thus increasing the inflation rate and increasing d0mestic real GDP. B. decreases aggregate demand
An increase in foreign real GDP
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A. increases aggregate demand (AD), thus increasing the inflation rate and increasing d0mestic real GDP.
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B. decreases aggregate demand (AD), thus decreasing the inflation rate and decreasing domestic real GDP.
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C. decreases short run aggregate supply (SRAS), thus increasing the inflation rate and decreasing domestic real GDP.
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D. increases short run aggregate supply (SRAS), thus decreasing the inflation rate and decreasing domestic real GDP.
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Personal Finance
Authors: Vickie L Bajtelsmit
1st Edition
0470905158, 9780470905159
