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Assume there is an increase in productivity and a decrease in wealth. Based on these changes, which of the following is correct for the U.S.?
Assume there is an increase in productivity and a decrease in wealth. Based on these changes, which of the following is correct for the U.S.? Real GDP will increase, unemployment will decrease, and the price level will increase. The price level will increase, but any change in real GDP/unemployment is uncertain. Real GDP will decrease, unemployment will increase, and any change in the price level is uncertain. The price level will decrease, but any change in real GDP/unemployment is uncertain
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