The long run effect of an increase in household consumption is to raise OA real output and leave the price level unchanged B both real output and the price level OC the price level and leave real output unchanged OD real output and lower the price level The long run effect of an increase in househ...

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Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

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Authors: Thomas Nechyba

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