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Suppose real interest rate increase and savings increase. Also, AD will shift more than SRAS. Using the ADAS, price level will and real GDP will
Suppose real interest rate increase and savings increase. Also, AD will shift more than SRAS. Using the ADAS, price level will and real GDP will
decrease; remain constant
increase; decreasto
decrease; decrease
decrease; increase
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Managerial Economics and Business Strategy
Authors: Michael R. baye
7th Edition
978-0073375960, 71267441, 73375969, 978-0071267441
