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Considering Both the Keynesian and the Aggregate Demand-Supply Frameworks,if Households

Question 142

Multiple Choice

Considering both the Keynesian and the aggregate demand-supply frameworks,if households as a group experience an increase in wealth at a given price level,then the TE curve shifts __________,the AD curve shifts __________,and Real GDP __________.


A) downward; leftward; decreases
B) downward; rightward; decreases
C) upward; rightward; increases
D) upward; leftward; increases

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