A Decrease in Aggregate Demand in the Economy Will Have

question 148

Multiple Choice

A decrease in aggregate demand in the economy will have what effect on macroeconomic equilibrium in the long run?

• A)The price level will fall,and the level of GDP will be unaffected.
• B)The price level will fall,and the level of GDP will fall.
• C)The price level will rise,and the level of GDP will fall.
• D)The price level will rise,and the level of GDP will be unaffected.

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Definitions:

Query

A request for information or data from a database, often written in a specific language like SQL.

Largest Amount

The maximum or highest quantity or degree measured or recorded.

Amount Paid

The total sum of money transferred from one party to another in exchange for goods or services.

Total Row

A feature in spreadsheet software that automatically calculates and displays the sum, average, or other aggregates for a column of numerical data.