Multiple Choice
Use the following to answer questions: 
-(Figure: Classical versus Keynesian Macroeconomics) Refer to Figure: Classical versus Keynesian Macroeconomics.According to the Keynesian view,if this economy shifts from AD1 to AD2 because of a large decline in investment spending by businesses,the price level will _____,and real GDP will _____.
A) increase;decrease
B) not change;increase
C) increase;not change
D) decrease;decrease
Correct Answer:
Verified
Correct Answer:
Verified
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