In the aggregate expenditures model if aggregate, Ask an Expert

Economics

In the aggregate expenditures model, if aggregate expenditures exceed real GDP, the economy will:

Select one:

a. expand, causing an increase in employment.

b. expand, causing a decrease in prices.

c. neither expand nor contract, causing employment to remain the same.

d. contract, causing a decrease in employment.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91237724

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