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At the start of a cost-push inflation,

vellojo

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7 years ago

At the start of a cost-push inflation,

At the start of a cost-push inflation,
A) the price level rises and real GDP does not change.
B) only real GDP changes while the price level remains constant.
C) the price level and real GDP both increase.
D) the price level rises and real GDP decreases.

Textbook

Foundations of Macroeconomics

Edition: 8^th

Authors: Bade, Parkin

Read 87 times

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Studying economics @ Edinburgh U

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ukrania

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vellojo Author

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7 years ago

Everyone I encourage you to thumbs up the answer!

got it right

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Studying economics @ Edinburgh U

ukrania

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#3

7 years ago

Thanks

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