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The global economy enters a recession, thereby decreasing the level of U.S. exports. If the aggregat

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The global economy enters a recession, thereby decreasing the level of U.S. exports. If the aggregat

The global economy enters a recession, thereby decreasing the level of U.S. exports. If the aggregate supply curve does not shift, then aggregate demand will ________, real GDP will ________, and the price level will ________.
A) increase; remain the same; increase
B) remain the same; increase; increase
C) increase; increase; remain the same
D) decrease; increase; increase
E) decrease; decrease; decrease

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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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