Suppose the Economy Is in Long-Run Equilibrium

question 107

Multiple Choice

Suppose the economy is in long-run equilibrium. If the federal government cuts government
Spending, which of the following is likely to result?

• A) an increase in real GDP and an increase in the price level
• B) an increase in unemployment and an increase in the price level
• C) a decrease in unemployment and a decrease in the price level
• D) a decrease in the price level and an increase in unemployment

Analyze the roles and conditions of women in the West.

Understand the legal and social restrictions on marriage and race relations in the American West.

Assess the impact of laws and policies on agriculture and land management in the American West.

Examine the challenges and adaptations of life in the Great Plains.

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