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Short Run Aggregate Supply
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Problem 10
Short Run Aggregate Supply
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17. Aggregate Demand and Aggregate Supply Analysis / Short Run Aggregate Supply / Problem 10
Problem 10
How do changes in price levels affect the quantity of real GDP produced in the short run?
A
An increase in price levels leads to a decrease in real GDP production.
B
A decrease in price levels leads to an increase in real GDP production.
C
An increase in price levels leads to an increase in real GDP production.
D
Changes in price levels have no effect on real GDP production.
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