An Increase in Aggregate Demand in the Long Run Will

question 106

Multiple Choice

An increase in aggregate demand in the long run will most likely result in:

• A)a decrease in price and output levels.
• B)an increase in price and output levels.
• C)an increase in the price level and a decrease in output.
• D)a decrease in the price level and an increase in output.
• E)an increase in the price level but no change in output.

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Definitions:

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