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In the AD-AS model, what happens to the price level and real GDP in the long run if the economy experiences stagflation? a. Price level
In the AD-AS model, what happens to the price level and real GDP in the long run if the economy experiences stagflation? a. Price level increases, real GDP remains unchanged b. Price level decreases, real GDP increases c. Price level decreases, real GDP decreases d. Price level increases, real GDP decreases
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