Question
What will happen to the equilibrium price level and real GDP if aggregate demand increases and aggregate supply decreases? a. equilibrium price levels rise;
What will happen to the equilibrium price level and real GDP if aggregate demand increases and aggregate supply decreases? a. equilibrium price levels rise; the new level of real GDP is indeterminate. b. equilibrium real GDP rises; the new price level is indeterminate. c. equilibrium real GDP falls; the new price level is indeterminate. d. equilibrium price level falls; the level of real GDP is indeterminate.
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Macroeconomics
Authors: Robert J Gordon
12th edition
138014914, 978-0138014919
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