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International Political Economy
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Question:
Basic Rules
Author: Angelie BayabanAnswer:
A. If Aggregate Demand is greater than Aggregate Supply, the output grows, economy grows, and unemployment falls. b. If Aggregate Demand is less than Aggregate Supply, output falls, economy shrinks, and unemployment rises. c. If Aggregate Demand is equal to Aggregate Supply, economy is in equilibrium.
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Author
Angelie Bayaban