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The Aggregate Expenditure Model Focuses on the Relationship Between ________

Question 2

Multiple Choice

The aggregate expenditure model focuses on the relationship between ________ and ________ in the short run, assuming ________ is constant.


A) total production; total income; real GDP
B) total spending; real GDP; total income
C) total spending; real GDP; the price level
D) total income; real GDP; the price level
E) total production; nominal GDP; unemployment

Correct Answer:

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