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Question 6 2 pts The economy starts in a long-run equilibrium where aggregate demand, short run aggregate supply, and long-run aggregate supply all meet. Suppose
Question 6 2 pts The economy starts in a long-run equilibrium where aggregate demand, short run aggregate supply, and long-run aggregate supply all meet. Suppose a decrease in consumption occurs, holding all else constant. As a result, real GDP will in the short run, and ALL_ _ _ in the long run, assuming no policy intervention. decrease; increase to its initial level increase; decrease to its initial value increase; increase further decrease; decrease further
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