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    Macroeconomics Study Set 39
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    Exam 11: Aggregate Demand I: Building the Is-Lm Model
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    After the Kennedy Tax Cut in 1964, Real GDP
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After the Kennedy Tax Cut in 1964, Real GDP

Question 44

Question 44

Multiple Choice

After the Kennedy tax cut in 1964, real GDP:


A) fell and unemployment rose.
B) rose and unemployment fell.
C) and unemployment both rose.
D) and unemployment both fell.

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