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    Economics Study Set 11
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    Exam 31: The Aggregate Expenditures Model
  5. Question
    The Major Basic Premise of the Aggregate Expenditures Model Is
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The Major Basic Premise of the Aggregate Expenditures Model Is

Question 155

Question 155

True/False

The major basic premise of the aggregate expenditures model is that if the total demand for output increases, then firms will raise their prices.

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