In the Short Run, an Increase in Aggregate Demand Increases

question 38

True/False

In the short run, an increase in aggregate demand increases prices and output, and decreases unemployment.

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Definitions:

Adversary System

A legal system in which two opposing parties present their cases to an impartial judge or jury.

Substantive Law

The set of laws that governs how members of a society are to behave, as opposed to procedural law which dictates how the legal system operates.

Correlative

Having a mutual relationship, where one thing corresponds with or is related to another.

Breaches

The failure to perform as stipulated by the terms of a contract, which may result in legal action and damages.