Multiple Choice
Suppose that along the aggregate demand curve, real GDP equals $15 trillion when the GDP deflator is 90. If the GDP deflator were 95, real GDP along the aggregate demand curve would equal
A) less than $15 trillion.
B) $15 trillion.
C) more than $15 trillion but less than $15.8 trillion.
D) more than $15 trillion.
Correct Answer:
Verified
Correct Answer:
Verified
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