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bedau bedau
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6 years ago
Suppose that from an initial AD/SAS/LAS intersection, the money supply grows by six percent. At the same time, the nominal wage rises by ten percent. As a result, output will be ________ the natural GDP, with a price level ________.
A) below, 10 percent lower
B) below, 10 percent higher
C) below, between 6 and 10 percent higher
D) above, that is unchanged
E) above, between 6 and 10 percent higher
Textbook 
Macroeconomics

Macroeconomics


Edition: 12th
Author:
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supersuinegsupersuineg
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bedau Author
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#2
5 years ago
c'est magnifique !
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