In the Classical Model, a Shift to the Right in Aggregate

question 343

Multiple Choice

In the classical model, a shift to the right in aggregate demand would result in

• A) a permanent increase in unemployment.
• B) a permanent increase in real incomes.
• C) an increase in the price level.
• D) a permanent shift past full employment.

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Definitions:

Alfred North Whitehead

A British philosopher, logician, and mathematician, best known for his work in process philosophy and his development of the metaphysical theory known as process theology.

Management

The process of dealing with or controlling things or people, often within an organizational context.

Leadership

The act of guiding or influencing a group towards achieving its goals.

Honesty

The quality of being truthful, trustworthy, and sincere in actions and words.