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According to the Keynesian adjustment process, which of the following are situations in which producers will cut output and employment, causing a decline in income and consumer spending, which causes further declines in production and consumption.

a. Injections exceed leakages
b. Aggregate supply is greater than aggregate demand at current price levels
c. Leakage exceeds injections
d. Aggregate demand is greater than aggregate supply at current price levels

Sagot :

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