In the Long Run,an Increase in Consumer Spending Would Cause

question 45

Multiple Choice

In the long run,an increase in consumer spending would cause output to ________ and the price level to ________.

• A)rise; rise
• B)rise; stay constant
• C)stay constant; stay constant
• D)stay constant; rise

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Definitions:

Weights

Numeric values assigned to data points or features in statistical and machine learning models, usually to indicate their importance.

Correlation

A metric that demonstrates the degree to which multiple variables co-vary.

Kilograms

A unit of mass in the metric system equal to 1000 grams, commonly used worldwide for measuring weight.

Pounds

A unit of weight commonly used in the United States and the British imperial system, equivalent to 0.453592 kilograms.