Multiple Choice
Suppose the economy is producing at the natural rate of output. An increase in consumer and business confidence will cause ________ in real GDP in the long run and ________ in inflation in the long run,everything else held constant.
A) an increase;an increase
B) a decrease;a decrease
C) no change;an increase
D) no change;a decrease
Correct Answer:
Verified
Correct Answer:
Verified
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Q42: Everything else held constant,when output is _
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Q48: The aggregate supply curve shows the relationship