U.S. aggregate demand and long-run aggregate supply decreased during the Great Recession. This caused real gross domestic product (GDP) to and the price level to decrease; decrease increase; increase decrease; remain unchanged decrease; increase remain unchanged; increase

U.S. aggregate demand and long-run aggregate supply decreased during the Great Recession. This caused real gross domestic product (GDP) to and the price level to decrease; decrease increase; increase decrease; remain unchanged decrease; increase remain unchanged; increase

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Production And Growth

Section: Chapter Questions

Problem 5CQQ

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- U.S. aggregate demand and long-run aggregate supply decreased during the Great Recession. This
caused real
gross
domestic product (GDP) to
and the price level to
decrease; decrease
increase; increase
decrease; remain unchanged
decrease; increase
remain unchanged; increase

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