Suppose the following: (1 ) the wage rate falls, (2 ) business taxes decline, (3 ) any change in SRAS is greater than any change in AD. Based on this information, in the short run Real GDP will __________ and the price level will __________

A) rise; rise
B) fall; rise
C) fall; fall
D) rise; fall
E) none of the above


D

Economics

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