Let's say that consumer credit balances are low, leaving lots of money to spend --way more than in the past. The result in the long run would be in the price level and in real output. O an increase, an increase O no change, an increase O an increase, a decrease O an increase, no change O None of the listed options is correct.

Let's say that consumer credit balances are low, leaving lots of money to spend --way more than in the past. The result in the long run would be in the price level and in real output. O an increase, an increase O no change, an increase O an increase, a decrease O an increase, no change O None of the listed options is correct.

Principles of Economics (MindTap Course List)

8th Edition

ISBN:9781305585126

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter33: Aggregate Demand And Aggregate Supply

Section: Chapter Questions

Problem 4CQQ

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