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    Exam 15: Modern Macroeconomics: From the Short Run to the Long Run
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    According to Classical Economists, an Increase in Aggregate Demand Should
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According to Classical Economists, an Increase in Aggregate Demand Should

Question 19

Question 19

Multiple Choice

According to classical economists, an increase in aggregate demand should result in:


A) no reduction in the unemployment rate.
B) no change in the level of real GDP.
C) an increase in the price level.
D) all of the above

Correct Answer:

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