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  3. Study Set
    Essentials of Economics
  4. Exam
    Exam 12: Aggregate Demand and Aggregate Supply
  5. Question
    When There Is an Increase in Aggregate Demand in the Long
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When There Is an Increase in Aggregate Demand in the Long

Question 27

Question 27

True/False

When there is an increase in aggregate demand in the long run, there will be an increase in the price level but not in the level of output or employment.

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