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:

Cultural Heritage

The legacy of physical artifacts and intangible attributes of a group or society passed down from previous generations, including customs, practices, places, objects, artistic expressions, and values.

Ethnicity

A social group that shares a common and distinctive culture, religion, language, or the like.

Ancestry

Refers to a person's family lineage or genealogical descent.

Descriptive Research

A method of investigation aimed at describing characteristics of a population or phenomenon, without influencing those characteristics.