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    Principles of Macroeconomics Study Set 2
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    Exam 20: Aggregate Demand and Aggregate Supply
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    An Increase in the Price Level and a Reduction in Output
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An Increase in the Price Level and a Reduction in Output

Question 181

Question 181

Multiple Choice

An increase in the price level and a reduction in output would result from


A) a fall in stock prices.
B) natural disasters such as hurricanes, floods, and droughts.
C) declining government expenditures.
D) tax rebates.

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