Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter25: The Keynesian Perspective
Section: Chapter Questions
Problem 20CTQ: Suppose the economy is operating at potential GDP when It experiences an increase in export demand....
Related questions
Question
100%
4. Assume prices and wages are flexible. Ceteris Paribus, a fall in private consumption spending will cause
Higher prices and output in the short run
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Higher prices but not higher output in the long run
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No change in prices or output in either the short or long run
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Lower prices and lower output in the short run |
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