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Assuming Aggregate Supply Is Upward-Sloping and Aggregate Demand Is Downward-Sloping,a

Question 15

Multiple Choice

Assuming aggregate supply is upward-sloping and aggregate demand is downward-sloping,a sudden reduction in a nation's exports will

A) cause inflation
B) cause recession
C) cause stagflation
D) increase GDP and reduce prices
E) increase GDP and raise equilibrium prices

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