If Policymakers Expand Aggregate Demand,then in the Long Run

question 71

Multiple Choice

If policymakers expand aggregate demand,then in the long run

• A)prices will be higher and unemployment will be lower.
• B)prices will be higher and unemployment will be unchanged.
• C)prices and unemployment will be unchanged.
• D)None of the above is correct.

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Definitions:

Appeal

The process of challenging the decision of a lower court in a higher court.

Bill Of Lading

A document issued by a person engaged in the business of transporting goods that verifies receipt of the goods for shipment.

Transporting Goods

The process of moving products or materials from one place to another by road, rail, sea, or air.

Receipt

A written or electronic acknowledgement that a specific exchange, transaction, or delivery has occurred.