All other levels of spending remaining constant

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Reference no: EM131164538

Assuming an upward-sloping AS curve, if an economy is at full employment and investment spending decreases while all other levels of spending remaining constant, then the price level

a) Increases and output increases.

b) Decreases and output decreases.

c) Increases and output decreases.

d) Decreases and output increases.

Reference no: EM131164538

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