Optimism imagine that the economy is in long-run equilibrium. then, perhaps because of improved international relations and increased confidence in policy makers, people become more optimistic about the future and stay this way for some time. refer to optimism. in the short run what happens to the price level and real gdp?
a. the price level falls and real gdp rises.
b. the price level rises and real gdp falls.
c. both the price level and real gdp fall.
d. both the price level and real gdp rise.
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