4. If an economy has fully flexible prices and demand unexpectedly increases, you would expect that the

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4. If an economy has fully flexible prices and demand unexpectedly increases, you would expect that the economy’s real GDP would tend to: LO26.4

a. Increase.

b. Decrease.

c. Remain the same.

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Economics

ISBN: 9781259723223

21st Edition

Authors: Campbell McConnell, Stanley Brue, Sean Flynn

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