Business
Business, 26.03.2020 18:58, fseftrwer6750

Assume that the economy is in long-run equilibrium with complete information and that input prices adjust rapidly to changes in the prices of goods and services. If there is a sudden rise in the price level induced by an increase in aggregate demand, real GDP will ▼ increase not change decrease .

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Assume that the economy is in long-run equilibrium with complete information and that input prices a...

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