In the Very Long-Run AD-AS Model, If the AD-Curve Shifts

question 39

Multiple Choice

In the very long-run AD-AS model, if the AD-curve shifts to the left, then

• A)prices and output will both decrease
• B)prices and output will both increase
• C)prices will decrease but output will remain the same
• D)output will decrease but prices will remain the same
• E)output will increase but prices will decrease

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