Consider the following information, and answer the question below. China and England are international trade partners. The following data are…
September 3, 2020
Answer the next question on the basis of the following information for a firm operating in an imperfectly competitive market:
September 3, 2020

1- A decrease in aggregate demand that brings a movement down along the aggregate supply curve lowers the price level and __________ real GDP.

Question 29 options:

does not affect

decreases

increases

varies with

2- The short-run Phillips curve is another way at looking at the __________.

equilibrium expenditure

AD curve

aggregate supply (AS. curve

potential GDP

KM
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