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Munze Munze
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7 years ago
Based on your understanding of the AS/AD model, which of the following is an INCORRECT statement about the short-run adjustment process for the macroeconomy?
A) output in excess of the natural level leads to higher prices.
B) a reduction in employment leads to lower prices.
C) an increase in demand increases output.
D) an increase in output above the natural level leads to higher nominal wages.
E) none of the above
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Macroeconomics

Macroeconomics


Edition: 6th
Authors:
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Macroeconomics, 6/E (Blanchard, Johnson)
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legendvpnlegendvpn
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7 years ago
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Munze Author
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7 years ago
Helped a lot
kamikazekota
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
derya1234
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2 hours ago
Thanks for your help!!
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