Which of the Following Is a Lesson Concerning Shifts in Aggregate

question 38

Multiple Choice

Which of the following is a lesson concerning shifts in aggregate demand?

• A)they contribute to fluctuations in output.
• B)in the long-run they change real output,but not the price level.
• C)policymakers are unable to mitigate the severity of economic fluctuations.
• D)All of the above are correct.

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Definitions:

Transforming Resources

Inputs used in the production process that include both raw materials (physical resources) and the effort provided by people (human resources).