deee1519 deee1519

08-05-2024
Business

Answered

Consider the basic graph of the macroeconomy in the short run. What would happen to the equilibrium price level and output level (real GDP) if government significantly decreased spending on goods and services?

A. the price level will rise; real GDP will fall
B. the price level will rise; real GDP will rise
C. the price level will fall; real GDP will fall
D. the price level will fall; real GDP will rise

Answer :

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