In the Long Run,shifts in the Aggregate Demand Curve Affect

question 114

True/False

In the long run,shifts in the aggregate demand curve affect the price level but not the level of output.
Because the AS curve is vertical in the long run,a change to AD,which intersects the vertical AS curve at a different point,will result in a change in the price level only.

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Definitions:

AASB 124

An Australian Accounting Standards Board standard that requires the disclosure of financial relationships and transactions between related parties.

Insider Trading

The trading of a public company's stock or other securities by individuals with access to non-public, material information about the company.

Related Party Relationships

A relationship between a reporting entity and another entity that is controlled, directly or indirectly, by the reporting entity, controls the reporting entity, or is under common control with the reporting entity.

Significant Influence

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