In the Long Run, How Will a Decrease in Aggregate

question 64

Multiple Choice

In the long run, how will a decrease in aggregate demand affect price and output?  

• A) The price level will decrease, and the output level will decrease. 
• B) The price level will increase, and the output level will increase. 
• C) The price level will decrease, and the output level will increase. 
• D) The price level will decrease, and the output level will remain the same.

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Definitions:

Punitive Social Control

Methods used to punish individuals and enforce conformity and adherence to societal norms, often through legal and correctional systems.

Immigrant Assimilation

The process by which immigrants adopt and adapt to the cultural norms, values, and behaviors of their new country, often to become indistinguishable from native populations.

Youth Control Complex

describes a system in which various institutions, like schools and law enforcement, collaborate to surveil, discipline, and control the behavior of young people.

Social Institutions

Established systems in society that govern behaviors and practices, including family, education, government, and religion.