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A revaluation causes which of the following to occur in the short run in the AS/AD model?

Munze

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A revaluation causes which of the following to occur in the short run in the AS/AD model?

A revaluation causes which of the following to occur in the short run in the AS/AD model?
A) a reduction in net exports
B) a reduction in the price level
C) a reduction in output
D) all of the above
E) none of the above

Textbook

Macroeconomics

Macroeconomics

Edition: 6^th

Authors: Blanchard, Johnson

Read 60 times

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Macroeconomics, 6/E (Blanchard, Johnson)

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Just got PERFECT on my quiz

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