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  3. Study Set
    International Economics Study Set 7
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    Exam 19: Prices and Output in an Open Economy: Aggregate Demand and Aggregate Supply
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    In General,as the Economy Expands or Contracts Over the Business
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In General,as the Economy Expands or Contracts Over the Business

Question 8

Question 8

Multiple Choice

In general,as the economy expands or contracts over the business cycle


A) prices change rapidly
B) prices remain unchanged except in a recession
C) prices remain unchanged until the economy reaches full employment
D) prices change, but slowly

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