Multiple Choice
According to classical theory, any changes in aggregate demand will
A) lead to changes in the price level.
B) lead to changes in real Gross Domestic Product (GDP) , but not in the price level.
C) lead to changes in both real Gross Domestic Product (GDP) and the price level.
D) have no affect on prices or real Gross Domestic Product (GDP) .
Correct Answer:
Verified
Correct Answer:
Verified
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