Consider the following statements:1. A rise in the general level of prices may be caused by2. A decrease in the aggregate level of output.3. On increase in the effective demand Of these statements

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Macroeconomics is a branch of economics that studies how an overall economy—the market or other systems that operate on a large scale—behaves.


Consider the following statements:<br>1. A rise in the general level of prices may be caused by<br>2. A decrease in the aggregate level of output.<br>3. On increase in the effective demand Of these statements