In the Long Run, Policy That Changes Aggregate Demand Changes

question 11

Multiple Choice

In the long run, policy that changes aggregate demand changes

• A)both unemployment and the price level.
• B)neither unemployment nor the price level.
• C)only unemployment.
• D)only the price level.

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Definitions:

Lee

Refers to a historical or notable figure, possibly Robert E. Lee, a Confederate general in the American Civil War, known for his leadership and military strategy.

Union General

A high-ranking officer in the Union army during the American Civil War.

Clear Defeat

A term used to describe a situation in which one party in a conflict is overwhelmingly beaten by the other, leaving no ambiguity about the outcome.

Confederacy

During the American Civil War, it refers to the southern states that seceded from the United States to form their own government in opposition to the Union.