In the Classical Model, What Is the Result of an Increase

question 11

Multiple Choice

In the classical model, what is the result of an increase in aggregate demand?

• A) Real GDP increases, and the price level remains constant.
• B) Real GDP decreases, and the price level remains constant.
• C) The price level increases, and real GDP remains constant.
• D) The price level decreases, and real GDP remains constant.

---

Definitions:

Social Entities

Organizations or groups of people recognized to have a distinct, independent existence or identity within a larger society or community.

Organizational Memory

The collective repository of knowledge, experiences, data, and information accumulated by an organization over time, which influences its culture, operations, and decision-making.

Conceptual Anchors

Theoretical frameworks or ideas that serve as a point of reference or grounding for further exploration, discussion, or understanding.

OB Topics

Stands for Organizational Behavior topics, encompassing the study of how people interact within groups and organizational settings.