Question: c . Equal Increases in aggregate demand and aggregate supply The price level increases somewhat, with a relatively large change in output. The price level
c Equal Increases in aggregate demand and aggregate supply
The price level increases somewhat, with a relatively large change in output.
The price level does not change, but real output increases.
The price level rises rapidly, and there is little change in real output.
The price level does not change, but real output decines.
The price level rises and real output decreases.
d A decrease In aggregate demand
The price level rises and real output decreases.
The price level rises rapidly, and there is little change in real output.
The price level increases somewhat, with a relatively large change in output.
The price level does not change, but real output increases.
The price level does not change, but redoutput declines.
e An Increase in aggregate demand that exceeds an Increase in aggregate supply
The price level Increases somewhat, with a relatively large change in output.
The price level does not change, but real output declines.
The price level does not change, but real output increases.
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