In the Long Run,a Decrease in Aggregate Demand Will Lead

question 42

Multiple Choice

In the long run,a decrease in aggregate demand will lead to a(n) :

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

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Definitions:

General Population

The entire group or set of individuals that researchers are interested in and to which they aim to generalize their findings.

Random Samples

Random samples are selections made in such a way that each member of a population has an equal chance of being included.

Psychological Research

The scientific study of the human mind, behaviors, and processes.

Response Rate

The percentage of people selected for a sample who actually completed a survey.