Full flexible prices and demand unexpectedly increases

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Reference no: EM13772993

If economy has full flexible prices and demand unexpectedly increases you would expect that the economy’s real GDP would tend to

Increase

Decrease

Remain the same?

What happens when demand fluctuates lower than expected?

What happens when demand fluctuates higher than expected?

What would the firms do when demand fluctuates higher than expected or lower than expected?

What is national income accounting?

Why national income accounting?

Reference no: EM13772993

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