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If the AS Curve Is Vertical and There Is a Decrease

Question 33

Multiple Choice

If the AS curve is vertical and there is a decrease in aggregate demand,the result is


A) a decrease in the price level with no change in real GDP.
B) an equal decrease in national income.
C) an increase in the price level.
D) an increase in national income.
E) no change in either price level or real GDP.

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