Starting from Long-Run Equilibrium,what Will an Increase in Aggregate Demand

question 98

Multiple Choice

Starting from long-run equilibrium,what will an increase in aggregate demand cause?

• A)a recessionary gap in the short run
• B)a recessionary gap in the short run and the long run
• C)an inflationary gap in the short run and the long run
• D)an inflationary gap in the short run

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Definitions:

Assessing Methods

Various techniques or procedures used to evaluate or measure the knowledge, skills, abilities, or characteristics of individuals or groups.

Validity Coefficient

Numeric value representative of the relative strength of an assessment’s validity.

Ratio

A mathematical expression that represents the relationship between two numbers, indicating how many times one value contains or is contained within the other.

Number of Raters

Refers to the count of individuals involved in assessing or evaluating a particular performance or task.