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When the Economy Is in the Keynesian Range,an Increase in Aggregate

Question 162

Multiple Choice

When the economy is in the Keynesian range,an increase in aggregate demand will


A) increase the price level and have no effect on real national output.
B) increase the real national output and have no effect on the price level.
C) increase both real output and the price level.
D) increase the price level and decrease the real national output.

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