Fluctuations in real GDP are caused only by changes in aggregate demand and not by changes in aggregate supply.
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Q29: The exchange-rate effect is the idea that
Q30: Technological progress shifts the long-run aggregate supply
Q31: An increase in the money supply causes
Q32: Increased uncertainty and pessimism about the future
Q33: When the price level rises unexpectedly, some
Q35: Other things the same, technological progress raises
Q36: Aggregate demand shifts to the left if
Q37: An increase in the money supply shifts
Q38: An increase in the expected price level
Q39: We can explain continued increases in both
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