If Prices and Wages Are flExible, a Decrease in Aggregate

question 236

Multiple Choice

If prices and wages are flexible, a decrease in aggregate demand will in the long run cause only a(n)

• A) decrease in the price level.
• B) increase in the price level.
• C) increase in the unemployment rate.
• D) decrease in real output.

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Definitions:

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A legal document filed in the United States Patent and Trademark Office (USPTO), that allows an inventor to secure a filing date while preparing to submit a full patent application.

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