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A deep recession hits the world economy, and real GDP in the rest of the world decreases. In the Uni

Loraine

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A deep recession hits the world economy, and real GDP in the rest of the world decreases. In the Uni

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.

Textbook

Essential Foundations of Economics

Edition: 7^th

Authors: Bade, Parkin

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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.

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Loraine Author

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9 years ago

This helped my grade so much Perfect

lolaww

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Correct

bahajo

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Thanks for your help!!

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