In the Long Run,an Increase in Aggregate Demand Will Lead

question 59

Multiple Choice

In the long run,an increase in aggregate demand will lead to

• A)A higher price level and an increase in real GDP.
• B)A higher price level only.
• C)An increase in real GDP only.
• D)A decrease in real GDP.

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Definitions:

Peer-to-peer Processing

A method of computing where each participant in a network can act as both a supplier and consumer of resources, sharing their computing power and data directly with others without the need for centralized control.

Internet Backbone

A core network of high-capacity data transmission lines and routers that provides the foundation for high-speed internet access across different regions and countries.

Fiber-optic

Refers to the technology that uses thin, flexible fibers of glass or plastic to transmit data as pulses of light.

Client/server Computing

A computing architecture that divides tasks between servers that provide resources or services and clients that request them.