Question: If the economy is in long-run equilibrium, a decrease in AD will: b. Raise the price level but real GDP will remain unchanged d. Decrease

If the economy is in long-run equilibrium, a decrease in AD will: b. Raise the price level but real GDP will remain unchanged d. Decrease the price level but real GDP will remain unchanged a. Increase real GDP but leave the price level unchanged c. Raise the price level and increase real GDP

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