Multiple Choice
If the economy's AS curve is upward sloping,a negative shock to aggregate demand will result in
A) an increase in prices and no change in real GDP.
B) a decrease in prices but no change in real GDP.
C) an increase in real GDP and no change in prices.
D) an increase in both real GDP and prices.
E) a decrease in both real GDP and prices.
Correct Answer:
Verified
Correct Answer:
Verified
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