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From a neoclassical view, which of the following is a true statement? Group of answer choices A surge in aggregate demand ends up as a
From a neoclassical view, which of the following is a true statement?
Group of answer choices
A surge in aggregate demand ends up as a rise in output, but does not increase price levels.
The economy cannot sustain production above its potential GDP in the long run.
No answer text provided.
Because wages are flexible, they are unaffected by high rates of unemployment.
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