A decrease in aggregate demand in the short run will reduce: Both real output and the price

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A decrease in aggregate demand in the short run will reduce:

Both real output and the price level

The real domestic output and have no effect on the pricelevel

The price level and have no effect on real domestic output

The price level and increase the real domestic output.

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Exploring Economics

ISBN: 9781439040249

5th Edition

Authors: Robert L Sexton

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Posted Date: Dec 13, 2022 06:20 AM

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A decrease in aggregate demand in the short run will reduce: Both real output and the price

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In the short run a decrease in aggregate demand will cause a decrease in the price level b... View the full answer

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