Multiple Choice
Which of the following will most likely occur in the short run if long-run equilibrium is disturbed by an unanticipated decrease in aggregate demand?
A) a decrease in output and a higher price level
B) an increase in output and a higher price level
C) a decrease in output and a lower price level
D) an increase in output, while prices remain unchanged
Correct Answer:
Verified
Correct Answer:
Verified
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