Suppose that during a given year, the quantity of U.S. real GDP that can be produced in

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Suppose that during a given year, the quantity of U.S. real GDP that can be produced in the long run rises from $14.9 trillion to $15.0 trillion, measured in base-year dollars. During the year, no change occurs in the various factors that influence aggregate demand. What will happen to the U.S. long-run equilibrium price level during this particular year?
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Economics Today

ISBN: 978-0132554619

16th edition

Authors: Roger LeRoy Miller

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