Asked by Alessandro Godina on May 14, 2024

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According to Keynes,if the economy is in a deep recession,an increase in aggregate demand will increase _____ without putting significant upward pressure on ____.

Deep Recession

A particularly severe and prolonged period of economic decline, characterized by significant falls in income and employment.

Aggregate Demand

Aggregate demand represents the total demand for goods and services within an economy at a given overall price level and in a given time period.

  • Explain the consequences of variations in aggregate demand on economic performance.
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JH
Jeannie HeerleinMay 15, 2024
Final Answer :
real GDP;the price level