Business, 19.09.2019 10:30 jaelynnm

The keynesian lras curve is composed of three phases. the lras curve is horizontal in the first phase. what does this mean?
a. an increase in aggregate demand causes a decrease in the aggregate price level.
b. an increase in aggregate demand does not cause a change in the aggregate price level.
c. an increase in aggregate demand causes an increase in the aggregate price level.

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The keynesian lras curve is composed of three phases. the lras curve is horizontal in the first phas...

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