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If the government increases spending, what happens to the inflation rate and equilibrium GDP in the long run? Question 1 options: Inflation falls, equilibrium GDP
If the government increases spending, what happens to the inflation rate and equilibrium GDP in the long run? Question options: Inflation falls, equilibrium GDP rises Both decreases Both remain the same inflation is higher, equilibrium GDP is the same Both increases
If the government increases spending, what happens to the inflation rate and equilibrium GDP in the long run?
Question options:
Inflation falls, equilibrium GDP rises
Both decreases
Both remain the same
inflation is higher, equilibrium GDP is the same
Both increases
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