Which of the Following Will Most Likely Occur in the Short

question 2

Multiple Choice

Which of the following will most likely occur in the short run when the long-run equilibrium of an economy is disturbed by an unanticipated decrease in aggregate demand?

• A) a decrease in output and a higher price level
• B) an increase in output and a higher price level
• C) a decrease in output and a lower price level
• D) an increase in output while prices remain unchanged

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Definitions:

Quality Distribution

The dispersion or spread of quality levels found within a group of items or services.

Appraiser

A professional who assesses and determines the monetary value of properties, goods, or art pieces.

Used Cars

Pre-owned vehicles that have been sold or transferred to a new owner after being used by a previous owner.

Quality Distribution

The variation in quality levels among goods or services within a category, often affecting consumer choice and market dynamics.