If an economy has fully flexible prices and demand unexpectedly increases, you would expect the economys real

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If an economy has fully flexible prices and demand unexpectedly increases, you would expect the economy’s real GDP to:

a. increase.

b. decrease.

c. remain the same.

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Related Book For answer-question

Macroeconomics

ISBN: 9781264112456

22nd Edition

Authors: Campbell McConnell, Stanley Brue, Sean Flynn

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Question Posted: Mar 01, 2024 08:02 AM

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If an economy has fully flexible prices and demand unexpectedly increases, you would expect the economys real

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Macroeconomics

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