2. Most economists agree that the immediate cause of the large majority of cyclical changes in the...
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2. Most economists agree that the immediate cause of the large majority of cyclical changes in the levels of real output and employment is unexpected changes in ___________________. LO29.1
a. The level of total spending.
b. The level of the stock market.
c. The level of the trade deficit.
d. The level of unemployment.
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