In the Long-Run, an Increase in Aggregate Demand Increases the Price

question 107

True/False

In the long-run, an increase in aggregate demand increases the price level, but not real GDP.

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Definitions:

Athletic Performance

The level of achievement or proficiency demonstrated by an individual in sports-related physical activities.

Drinking Soda

The consumption of soft drinks, which may contain sugar, artificial sweeteners, caffeine, and other substances.

Caffeine

A central nervous system stimulant found in coffee, tea, chocolate, and some medications, known for its ability to enhance alertness and prevent drowsiness.

Mental Alertness

Mental alertness refers to a state of active, cognitive awareness that enables individuals to process information quickly and effectively.