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In economy A, we are in the middle of a recession. In economy B, we are experiencing a demand-pull inflation. Assume that total spending increases
In economy A, we are in the middle of a recession. In economy B, we are experiencing a demand-pull inflation. Assume that total spending increases in both economies, and aggregate supply is not perfectly inelastic. The real GDP level in economy A will ______________. The real GDP level in economy B will ______________. Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a increase; increase b decrease; decrease c increase; decrease d decrease; increase e not change; not change
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