In the Long-Run, an Increase in Aggregate Demand Increases the Price

question 107

True/False

In the long-run, an increase in aggregate demand increases the price level, but not real GDP.

---

Definitions:

TIMSS

An acronym for Trends in International Mathematics and Science Study, which assesses the knowledge and skills of students around the world in these subjects.

International Test

An assessment administered across multiple countries to evaluate and compare educational performance or abilities.

Science And Math

Academic disciplines that study the natural world using the scientific method and the use of numbers and symbols to understand patterns, quantities, and structures.