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|. Modied True or False. Each item is worth 1 point only and will only given to correct answers. Read the instruction carefully and answer

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|. Modied True or False. Each item is worth 1 point only and will only given to correct answers. Read the instruction carefully and answer the items below. For items 1-1 0, write TRUE if the answer is true. If the answer is false, replace the undenined wordls with the correct answer. 'I. The natural level of real GDP depends on the level of prices. 2. Changes in the real money supply will result to shifts of the aggregate demand curve. 3. Policies in the demand-side lead to higher outputs. 4. At all times, employment and ination have an inverse relationship. 5. In the short run, a leftward shift in the aggregate demand due to the pandemic will likely reduce output. 5. Governments address supply shocks through expansionary monetapg policies. T. An increase in the change in real GDP demanded at each price level with decrease the value of the multiplier. 8. Adverse supply shocks result to lesser output and unemployment. 9. A leftward shift of the aggregate supply curve reduces output and increases price levels. 'ID. Innovations, such as new technology. will increase output levels

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