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FIGURE 21-3 Refer to Figure 21-3

Question 53

Multiple Choice

FIGURE 21-3 Refer to Figure 21-3.In this demand-determined model of the macro economy,the price level is A) measured by Y<sub>2/0B.</sub> B) measured by Y<sub>1</sub>Y<sub>2/AB.</sub> C) increasing as the economy moves from E<sub>0</sub> to E<sub>1</sub>. D) assumed to be constant. E) derived from the slope of the AE function. FIGURE 21-3 Refer to Figure 21-3.In this demand-determined model of the macro economy,the price level is


A) measured by Y2/0B.
B) measured by Y1Y2/AB.
C) increasing as the economy moves from E0 to E1.
D) assumed to be constant.
E) derived from the slope of the AE function.

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