In the Classical Model, a Rightward Shift in the Aggregate

question 332

Multiple Choice

In the classical model, a rightward shift in the aggregate demand curve will, in the long run,

• A) increase real GDP and the price level.
• B) increase real GDP and will not change the price level.
• C) decrease real GDP and will not change the price level.
• D) not change real GDP and will increase the price level.

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Definitions:

Dissolution

The formal disbanding of a partnership or a corporation.

Multiple Times

Occurring or being done many times.

Certain Age

A specific point in time or stage of life that is significant legally, culturally, or socially, often referencing eligibility for certain rights, responsibilities, or benefits.

Unmarried

The state of not being legally joined to another person in a marriage.