Multiple Choice
When the price level rises,what happens to real output in the short run and long run as a result?
A) Real output tends to increase in the short run but not in the long run.
B) Real output tends to increase in the long run but not in the short run.
C) Real output tends to decrease in the short run but not in the long run.
D) Real output tends to increase in both the short run and the long run.
Correct Answer:

Verified
Correct Answer:
Verified
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