What will happen to the equilibrium price level and real GDP if aggregate demand increases and...

 

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What will happen to the equilibrium price level and real GDP if aggregate demand increases and aggregate supply decreases? a. equilibrium price levels rise; the new level of real GDP is indeterminate. b. equilibrium real GDP rises; the new price level is indeterminate. c. equilibrium real GDP falls; the new price level is indeterminate. Ⓒd. equilibrium price level falls; the level of real GDP is indeterminate. What will happen to the equilibrium price level and real GDP if aggregate demand increases and aggregate supply decreases? a. equilibrium price levels rise; the new level of real GDP is indeterminate. b. equilibrium real GDP rises; the new price level is indeterminate. c. equilibrium real GDP falls; the new price level is indeterminate. Ⓒd. equilibrium price level falls; the level of real GDP is indeterminate.

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20 option A is correct Decrease in aggregate supply wil... View the full answer