Multiple Choice
In the short run, a decrease in aggregate demand will lead to
A) a decrease in the price level and an increase in real GDP.
B) an increase in the price level and a decrease in real GDP.
C) a decrease in the price level and an increase in the unemployment rate.
D) an increase in the price level and an increase in real GDP.
E) no change in the price level and a decrease in real GDP.
Correct Answer:
Verified
Correct Answer:
Verified
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