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Expansionary fiscal policy can cause a rise in real GDP in combination with

a. an increase in the price level.
b. a decrease in the price level.
c. no change in the price level.
d. a decrease in the price level if the aggregate supply curve is upward sloping.

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manhokwe tawanda
manhokwe tawandaLv10
20 Dec 2020
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Related questions

The short-run aggregate supply curve is upward sloping because:

A. wages and other resource prices match changes in the price level.

B. the price level is flexible upward but inflexible downward.

C. per-unit production costs rise as the economy moves toward and beyond its full-employment real output.

D. wages and other resource prices are flexible upward but inflexible downward.

In the modern Keynesian​ analysis, an increase in aggregate demand will result in
A. a decrease in output and no change in the price level.
B. a decrease in the price level and no change in output.
C. an increase in both the price level and output.
D. a decrease in both the price level and output.
E. an increase in the price level and a decrease in output

In modern Keynesian​ analysis, a decrease in aggregate demand will result in

A. a decrease in output and no change in the price level.
B. a decrease in the price level and no change in output.
C. an increase in both the price level and output.
D. a decrease in both the price level and output.
E. an increase in the price level and a decrease in output.

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