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Macroeconomics 2nd Edition by Campbell McConnell ,Stanley Brue,Sean Flynn
Edition 2ISBN: 978-0077416409Macroeconomics 2nd Edition by Campbell McConnell ,Stanley Brue,Sean Flynn
Edition 2ISBN: 978-0077416409 Exercise 2
Between 1990 and 2010, the GDP price level rose by about 65 percent while real GDP increased by about 65 percent. Use the long-run aggregate demand-aggregate supply model to illustrate these outcomes graphically.
Explanation
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When the GDP price level has increased b...
Macroeconomics 2nd Edition by Campbell McConnell ,Stanley Brue,Sean Flynn
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