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    Exam 11: Classical and Keynesian Macro Analyses
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    Refer to the Above Figure
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Refer to the Above Figure

Question 200

Question 200

Multiple Choice

Refer to the above figure. At the initial long-run equilibrium, the price level is ________, and the price level will be ________.


A) 20; 45
B) 20; 40
C) 40; 45
D) 20; 20

Correct Answer:

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