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Suppose the following: (1) the wage rises, (2) the interest rate rises, (3) any change in AD is greater than any change in SRAS. Based
Suppose the following: (1) the wage rises, (2) the interest rate rises, (3) any change in AD is greater than any change in SRAS. Based on this information, in the short run Real GDP will and the price level will rise; rise O fall; rise O fall; fall O rise; fall
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