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List four variables that would cause a decrease in real GDP (possibly resulting in a recession). Indicate whether changes in each variable increase or decrease aggregate demand or short-run aggregate supply. Next, list four variables that would cause an increase in the price level (shortrun inflation). Indicate whether changes in the variable increase or decrease aggregate demand or short-run aggregate supply.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91748798

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