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Stuck with a few of these, thanks! (all these questions are related to the last) Q1. As GDP increases, aggregate demand a. increases b. decreases
Stuck with a few of these, thanks! (all these questions are related to the last)
Q1. As GDP increases, aggregate demand
a. increases b. decreases c. remains unchanged
Q2. This causes unemployment to
a. fall b. rise c. remain unchanged
Q3. and prices to
a. fall b. rise c. remain unchanged
Q4. In response, the central bank would raise interest rates. This outlines the
a. multiplier effect b. crowding out effect c. wealth effect d. exchange rate effect
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