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11-10-2022
Mathematics

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Consider the simple Keynesian model in the AD-AS framework. Currently the economy is located in the horizontal section of the AS curve producing Q1. If aggregate demand rises, then
a.the price level will rise.
b.the price level may rise.
c.the price will decline.
d.Real GDP will rise.
e.none of the above

Consider the simple Keynesian model in the ADAS framework Currently the economy is located in the horizontal section of the AS curve producing Q1 If aggregate d class=

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