Starting from Long-Run Equilibrium,an Increase in Aggregate Demand Increases ______

question 96

Multiple Choice

Starting from long-run equilibrium,an increase in aggregate demand increases ______ in the short run,but only increases ______ in the long run.

• A) output; prices
• B) prices; output
• C) short-run aggregate supply; long-run aggregate supply
• D) the money supply; the natural level of output

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Definitions:

Margin of Error

An expression of the amount of random sampling error in a survey's results, often used to create confidence intervals around a sample statistic.

Binomial Proportion

A statistical measure that represents the proportion of successes in a series of independent trials in a binomial distribution.

Margin of Error

An expression of the amount of random sampling error in survey results, indicating the range within which the true population parameter is expected to fall.

Margin of Error

The margin of error is a statistic expressing the amount of random sampling error in a survey's results, indicating the range within which the true value lies with a certain level of confidence.