In the Long Run,an Increase in Aggregate Demand Will Cause

question 131

Multiple Choice

In the long run,an increase in aggregate demand will cause

• A)a decrease in price and output levels
• B)an increase in price and output levels
• C)an increase in the price level and a decrease in output
• D)a decrease in the price level and an increase in output
• E)an increase in the price level and no change in output

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Definitions:

Per-unit Costs

The average cost incurred in the production of one unit of a good or service, including both fixed and variable costs.

Number Of Producers

The total count of entities or individuals that manufacture or produce goods and services within an economy.

Park Funding

Financial resources allocated for the maintenance, operation, or development of public parks and recreational areas.

Taxpayers

Individuals or entities that are subject to pay taxes to a governing body in accordance with the law, based on income or transactions.