Multiple Choice
Assuming the economy is starting at the natural rate of output and everything else held constant,the effect of ________ in aggregate ________ is a rise in both inflation and output in the short-run,but in the long-run the only effect is a rise in inflation.
A) a decrease;supply
B) a decrease;demand
C) an increase;supply
D) an increase;demand
Correct Answer:

Verified
Correct Answer:
Verified
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