If Aggregate Demand and Aggregate Supply Both Shift Right, We

question 17

True/False

If aggregate demand and aggregate supply both shift right, we can be sure that the price level is higher in the short run.

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Definitions:

Declarative Memory

Memory that involves the recall of specific facts or events that can be verbally expressed, including episodic and semantic memory.

Neurotransmitter

Biochemical substances that transmit nerve impulses across a synapse from one nerve cell to another.

Synapses

The junctions between neurons through which signals are transmitted from one neuron to another.

Unusual Context

A situation or setting that is different from what is normal, customary, or expected, often providing unique challenges or opportunities.