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Will real GDP, the price level, and unemployment increase or decrease if aggregate demand falls by more than short run aggregate supply rises? Paul is
Will real GDP, the price level, and unemployment increase or decrease if aggregate demand falls by more than short run aggregate supply rises?
Paul is presenting economic theory to his class. He speaks about a situation where demand creates its own supply. What is Paul presenting to his class?
Select one:
a. Neoclassical economics
b. Keynes' Law
c. Say's Law
d. Aggregate supply and demand
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