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Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648 Exercise 7
Say whether the following statements are true or false.
a. In the long run, prices don't affect output.
b. In the short run, prices may affect output.
a. In the long run, prices don't affect output.
b. In the short run, prices may affect output.
Explanation
Verified
Verified
Aggregate demand (AD):
GDP refers to th...
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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