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Figure 15-2 -Refer to the Figure 15-2. Which of the Following Can

question 106

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Figure 15-2
Figure 15-2    -Refer to the Figure 15-2. Which of the following can happen in a closed economy? A)  Unemployment falls as the economy moves from a to B)  Fiscal policy is ineffective to move the economy from b to C)  If the economy is left alone, then as the economy moves from b to long-run equilibrium, the price level will increase. D)  An increase in money supply increases both output and prices.
-Refer to the Figure 15-2. Which of the following can happen in a closed economy?


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