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    Macroeconomics Study Set 10
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    Exam 8: Business Cycles
  5. Question
    In the Long Run,an Increase in Productivity Would Cause Output
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In the Long Run,an Increase in Productivity Would Cause Output

Question 8

Question 8

Multiple Choice

In the long run,an increase in productivity would cause output to ________ and the aggregate price level to ________.


A) fall; rise
B) fall; fall
C) rise; fall
D) rise; rise

Correct Answer:

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