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7. Initially, GDP is $10 billion. Consumers suddenly become worried about losing their jobs. What happens in the short run? A. GDP falls and the price level falls B. GDP falls and the price level rises C. GDP rises and the price level falls D. GDP rises and the price level rises.

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7. Initially, GDP is $10 billion. Consumers suddenly become worried about losing their jobs. What happens in the short run? A. GDP falls and the price level falls B. GDP falls and the price level rises C. GDP rises and the price level falls D. GDP rises and the price level rises

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