Multiple Choice
In the long run,an increase in aggregate demand:
A) increases the price level and real output,but the effect on the price level is larger.
B) increases the price level and real output,but the effect on output is larger.
C) affects only real output.
D) affects only the price level.
E) affects neither the price level nor real output.
Correct Answer:
Verified
Correct Answer:
Verified
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