Multiple Choice
A decrease in aggregate demand causes a decrease in ________ only in the short run,but causes a decrease in ________ in both the short run and the long run.
A) the price level; real GDP
B) real GDP; real GDP
C) the price level; the price level
D) real GDP; the price level
Correct Answer:

Verified
Correct Answer:
Verified
Q129: In the long run<br>A)GDP > potential GDP.<br>B)unemployment
Q130: The invention of the integrated circuit by
Q131: The short-run aggregate supply curve has a(n)_
Q132: Use the dynamic model of aggregate demand
Q133: Figure 13-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 13-1
Q135: When people became less concerned with the
Q136: Explain the three reasons the aggregate demand
Q137: The long-run adjustment to a negative supply
Q138: Which of the following correctly describes the
Q139: Explain how the static aggregate demand and