Multiple Choice
If the economy is in equilibrium at full employment, an increase in aggregate demand will:
A) increase the price level and leave the level of output unchanged in the short run.
B) decrease both the price level and the level of output in the short run.
C) decrease the price level and leave the level of output unchanged in the short run.
D) increase both the price level and the level of output in the short run.
Correct Answer:
Verified
Correct Answer:
Verified
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