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When AD Curve Is Curved Line,this Indicates

Question 77

Multiple Choice

When AD curve is curved line,this indicates


A) a given decline in the price level will boost real GDP more when the price level is low than when the price level is high.
B) a given decline in the price level will boost real GDP less when the price level is low then when the price level is high.
C) a given change in the price level will have no effect on real GDP.
D) that SAS and LAS curves are horizontal

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