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Please answer and detail explanation7. Consider the Bfficiency Wage story. Suppose we had several periods of 0 inflation. Then if we had an increase in Aggregate Demand that caused an increase in the Aggregate Price level, we would see which of the following in the short run? a. higher inflation and higher unemployment. b. lower inflation (which would be deflation given our premise) and higher unemployment. c. higher inflation and lower unemployment. -d. lower inflation (which would be deflation given our premise) and lower unemployment. e. none of the above.

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