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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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Kristelle Balando
Kristelle BalandoLv10
20 Sep 2020

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