Multiple Choice
Consider the basic AD/AS model with an upward-sloping AS curve.A positive aggregate demand shock will result in
A) an increase in prices but not output.
B) an increase in output but not prices.
C) an increase in both output and prices.
D) a decrease in both output and prices.
E) a decrease in output and an increase in prices.
Correct Answer:
Verified
Correct Answer:
Verified
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