Shifts in Aggregate Demand Affect the Price Level in

question 45

Multiple Choice

Shifts in aggregate demand affect the price level in

• A)the short run but not in the long run.
• B)the long run but not in the short run.
• C)both the short and long run.
• D)neither the short nor long run.

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Definitions:

Fervent Followers

Highly enthusiastic and devoted supporters or fans, often of a particular leader, cause, or ideology.

Extramarital Affair

A romantic relationship where at least one participant is married to someone else, typically considered infidelity.

Economic Growth

An increase in the production of goods and services in an economy over a period, often measured by the rise in the Gross Domestic Product (GDP).

Productively

Refers to achieving a significant amount of work or results in an efficient and effective manner.