If an increase in aggregate expenditures results in no increase in real GDP we can surmise that the: Select one: price level has fallen. MPC equals 1. economy is already operating at full employment. there is demand-pull inflation. economy is in a deep recession.
If an increase in aggregate expenditures results in no increase in real GDP we can surmise that the: Select one: price level has fallen. MPC equals 1. economy is already operating at full employment. there is demand-pull inflation. economy is in a deep recession.
Chapter9: The Keynesian Model In Action
Section: Chapter Questions
Problem 14SQ
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If an increase in aggregate expenditures results in no increase in real GDP we can surmise that the:
Select one:
- price level has fallen.
- MPC equals 1.
- economy is already operating at full employment.
- there is demand-pull inflation.
- economy is in a deep recession.
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