An Increase in AD Will Primarily Increase Output When the Economy

question 122

True/False

An increase in AD will primarily increase output when the economy is on the flat part of the AS curve.

---

Definitions:

Total Optimal Cost

The lowest possible sum of costs achieved by optimizing the allocation of resources in operations or production.

Double-subscripted Variables

variables in mathematics and programming denoted with two subscripts, usually to represent matrix elements or the interaction between two dimensions.

Binary Variable

A binary variable is a type of variable that can take one of two possible values, typically represented as 0 or 1, to indicate the absence or presence of some characteristic.

Projected Number

An estimate or forecast of a future quantity based on current trends, data analysis, or modeling.