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Home Q & A Board Other Fields Homework Help Business Economics
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vellojo vellojo
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7 years ago
Based on the Keynesian theory of the business cycle, if the economy is at its full-employment equilibrium and aggregate demand increases then
A) the price level and GDP both decrease.
B) real GDP decreases and the price level remains unchanged.
C) the price level rises but real GDP remains unchanged.
D) the price level and real GDP both increase.
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
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Studying economics @ Edinburgh U
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yaderayadera
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7 years ago
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vellojo Author
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#2
7 years ago
Checks out after I submitted my assignment Smiling Face with Open Mouth
Studying economics @ Edinburgh U
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