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Suppose the government permanently reduces spending in an effort to reduce the budget deficit. in the new long-run equilibrium, output will __________ and the price level will _…

Suppose the government permanently reduces spending in an effort to reduce the budget deficit. in the new long-run equilibrium, output will __________ and the price level will _…
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Suppose the government permanently reduces spending in an effort to reduce the budget deficit. in the new long-run equilibrium, output will __________ and the price level will __________.

User Nicky Hajal
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2 Answers

6 votes

Answer:remain unchanged; decrease

Step-by-step explanation:

User Deathtiny
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2 votes
I have to answer questions so this is it i guess
User Lukas Hajdu
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