Question: According to the classical model, an increase in aggregate demand would Question content area bottom Part 1 A. raise real Gross Domestic Product (GDP) but

According to the classical model, an increase in aggregate demand would Question content area bottom Part 1 A. raise real Gross Domestic Product (GDP) but leave the price level unchanged. B. lead the economy to recession. C. lead the economy to a deflationary cycle. D. cause an adjustment to a higher price level

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