An Increase in the Aggregate Demand Curve Will, in the Short

question 199

Multiple Choice

An increase in the aggregate demand curve will, in the short run, change:

• A)output but not price level.
• B)the price level but not output.
• C)both output and the price level.
• D)neither output nor the price level.

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Definitions:

Import Quota

A government-imposed limit on the quantity or value of goods that can be imported into a country, used to protect domestic industries.

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Established protocols or rules designed to maintain safe operations and protect individuals from harm.

Import Quota

A government-imposed limit on the quantity of a particular good that can be imported into a country.