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In an AD-AS model with an upward-sloping AS-curvel the most likely effects of fiscal expansion would be A) an increase in prices and interest rates,...
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29. In an AD-AS model with an upward-sloping AS-curve, the most likely effects of fiscal expansion would beA) an increase in prices and interest rates, but a decrease in real money balances B) an increase in output,

prices, and real money balances C) an increase in consumption and a decrease in investment with no change in output D) a decrease in unemployment but an increase in interest rates and real money balancesE) a decrease in consumption, but an increase in net exports and investment Ans: A
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