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Refer to the Graph Above

Question 70

Multiple Choice

Refer to the graph above. If the price level is initially at P<sub>1</sub>, then the economy will adjust by: A) Increasing output produced B) Decreasing the GDP produced C) Reducing the price level D) Increasing the total output demanded Refer to the graph above. If the price level is initially at P1, then the economy will adjust by:


A) Increasing output produced
B) Decreasing the GDP produced
C) Reducing the price level
D) Increasing the total output demanded

Correct Answer:

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