An Increase in Aggregate Demand Causes an Increase in ________

question 22

Multiple Choice

An increase in aggregate demand causes an increase in ________ only in the short run,but causes an increase 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:

Business Reports

Formal documents that provide information and analysis to assist in business decision-making, planning, and strategy.

Visual

Pertaining to the sense of sight, often used in contexts where visual aids, graphics, or imagery enhance understanding or aesthetic appeal.

Appendix

An additional section that houses content connected to the report, excluded from the main text due to its length or potential irrelevance to the entire audience.

Caption

Brief commentary or explanation that accompanies a visual.