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Retnec Retnec
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Suppose the economy is operating at full employment. Given a Keynesian aggregate supply curve, a reduction in aggregate demand will tend to
A) lower both equilibrium GDP and the price level.
B) lower equilibrium GDP but leave the price level unchanged.
C) increase equilibrium GDP but lower the price level.
D) lower the price level but leave equilibrium GDP unchanged.
E) increase unemployment but reduce the price level.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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Retnec Author
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7 years ago
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