Consider the Basic AD/AS Macro Model in Long -Run Equilibrium

question 28

Multiple Choice

Consider the basic AD/AS macro model in long -run equilibrium. An expansionary AD shock would have
Output effect in the short run and output effect in the long run.

• A) a positive; no
• B) a positive; a positive
• C) no; a positive
• D) no; no
• E) not enough information to know

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