Which of the Following Is a Lesson Concerning Shifts in Aggregate

question 38

Multiple Choice

Which of the following is a lesson concerning shifts in aggregate demand?

• A)they contribute to fluctuations in output.
• B)in the long-run they change real output,but not the price level.
• C)policymakers are unable to mitigate the severity of economic fluctuations.
• D)All of the above are correct.

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Definitions:

Imports

Items and services that are purchased from foreign nations to be sold within the country.

Produced Abroad

Refers to goods or services that are created or performed outside the borders of the home country, often considered in the context of imports and exports.

Greater Prosperity

An increased state of wealth, success, or economic well-being.

Trade

The exchange of goods or services between individuals, businesses, or countries.