We Can Explain Continued Increases in Both Output and the Price

question 183

True/False

We can explain continued increases in both output and the price level by supposing that only aggregate demand shifted right over time.

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Definitions:

Four Noble Truths

Central doctrines in Buddhism that outline the nature of suffering, its origin, cessation, and the path leading to its cessation.

Buddhism

A world religion or philosophy founded in the 5th century BCE by Siddhartha Gautama, focused on the elimination of suffering through mindfulness and moral living.

Daoist Chuang-Tzu

An influential philosopher in Daoism known for his contributions to mysticism and philosophy, emphasizing simplicity and harmony with nature.

Essential Realities

The fundamental truths or facts about something, especially those that form its basis or core.