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Other Fields Homework Help Economics Topic started by: Loraine on Jun 22, 2015



Title: A deep recession hits the world economy, and real GDP in the rest of the world decreases. In the Uni
Post by: Loraine on Jun 22, 2015
A deep recession hits the world economy, and real GDP in the rest of the world decreases. In the United States,
A) aggregate supply and aggregate demand both increase, and the price level rises.
B) aggregate supply decreases while aggregate demand does not change, and the price level rises.
C) aggregate demand decreases while aggregate supply does not change, and the price level falls.
D) aggregate supply increases and aggregate demand decreases, so the effect on the price level is uncertain.
E) aggregate supply and aggregate demand both decrease, and the price level rises.


Title: Re: A deep recession hits the world economy, and real GDP in the rest of the world decreases. In the
Post by: Sydnie on Jul 7, 2015
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