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As the Price Level in an Economy Decreases, Other Things

Question 38

Multiple Choice

As the price level in an economy decreases, other things being equal, the:


A) aggregate supply in the economy increases.
B) quantity of real gross domestic product demanded increases.
C) quantity of real gross domestic product demanded decreases.
D) economy's real gross domestic product supplied increases.
E) purchasing power of its currency decreases.

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