Question
In the FEM, if AD shifts because G increases we expect: Price levels to fall but output to increase Output to increase but price levels
In the FEM, if AD shifts because G increases we expect:
Price levels to fall but output to increase
Output to increase but price levels fall
Output does not change but price levels increase
Price levels and output increase
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Economics of Money, Banking and Financial Markets
Authors: Frederic S. Mishkin
9th Edition
978-0321607751, 9780321599797, 321607759, 0321599799, 978-0321598905
