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Exhibit 22-3 in Exhibit 22-3,at Point a an Increase

Question 3

Multiple Choice

Exhibit 22-3 Exhibit 22-3 In Exhibit 22-3,at point A an increase in AD would lead to: A) an increase in the price level and an increase in real GDP. B) an increase in the price level and a decrease in real GDP. C) an increase in the price level and no change in real GDP. D) no change in the price level and an increase in real GDP. In Exhibit 22-3,at point A an increase in AD would lead to:


A) an increase in the price level and an increase in real GDP.
B) an increase in the price level and a decrease in real GDP.
C) an increase in the price level and no change in real GDP.
D) no change in the price level and an increase in real GDP.

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