A Decrease in Aggregate Demand Causes a Decrease in ________

question 178

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
• E)unemployment; real GDP

---

Definitions:

Macaroni and Cheese

A popular dish made with cooked macaroni pasta and a cheese sauce, often baked to finish.

Serving

Serving refers to the act of presenting food or drinks to someone, typically in a restaurant or hospitality context.

Total Utility

The overall satisfaction or pleasure a consumer receives from consuming a particular quantity of goods and services.

Slice of Pie

Often used metaphorically to represent a portion or share of something, such as profit or resources.