Multiple Choice
In the AD-AS model,what happens to the economy in the short run when consumer spending decreases?
A) Inflation is higher,and the real growth rate is higher.
B) Inflation is higher,and the real growth rate is lower.
C) Inflation is lower,and the real growth rate is higher.
D) Inflation is lower,and the real growth rate is lower.
Correct Answer:
Verified
Correct Answer:
Verified
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