A Decrease in Aggregate Demand Causes a Decrease in ________

question 134

Multiple Choice

A decrease in aggregate demand causes a decrease in ________ only in the short run,but causes a decrease in ________ in both the short run and the long run.

• A)the price level; real GDP
• B)real GDP; real GDP
• C)the price level; the price level
• D)real GDP; the price level

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Definitions:

Systematic Comparison

The methodical analysis and evaluation of similarities and differences between items, concepts, or processes.

Job Requirements

The specific qualifications, skills, and experiences that an employer expects a candidate to possess for a particular position.

Qualifications

Qualifications are the education, skills, and experience that make an individual suitable for a particular job or task.

Résumé

A résumé is a document that summarizes a person's work experience, education, skills, and achievements, typically used to apply for jobs.