In the aggregate expenditures model

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Reference no: EM13698287

In the aggregate expenditures model, if aggregate expenditures exceed real GDP, the economy will:

Select one:

a. expand, causing an increase in employment.

b. expand, causing a decrease in prices.

c. neither expand nor contract, causing employment to remain the same.

d. contract, causing a decrease in employment.

Reference no: EM13698287

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