In the short run, a decrease in aggregate demand will lead to
A) no change in the price level and a decrease in real GDP.
B) an increase in the price level and a decrease in real GDP.
C) a decrease in the price level and an increase in real GDP.
D) an increase in the price level and an increase in real GDP.
E) a decrease in the price level and an increase in the unemployment rate.
E
Economics
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The limitation that a consumer's total expenditure on goods and services purchased cannot exceed the income available is referred to as
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