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In the Long Run, How Will an Increase in Aggregate

Question 66

Multiple Choice

In the long run, how will an increase in aggregate demand affect price and output?  


A)  The price level will decrease, and the output level will decrease. 
B)  The price level will increase, and the output level will increase. 
C)  The price level will increase, and the output level will decrease. 
D)  The price level will increase, and the output level will remain the same.

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