Solved

An Increase in Aggregate Demand Causes an Increase in ________

Question 70

Multiple Choice

An increase in aggregate demand causes an increase in ________ only in the short run, but causes an increase in ________ in both the short run and the long run.


A) the price level; real GDP
B) nominal GDP; real GDP
C) the price level; the price level
D) real GDP; the price level
E) nominal GDP; the price level

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q65: Full-employment GDP is also known as<br>A)realized GDP.<br>B)potential

Q66: According to the "wealth effect," when the

Q67: If the short-run aggregate supply increases by

Q68: One factor which brought on the recession

Q69: The aggregate demand curve shows the relationship

Q71: Figure 9.1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3061/.jpg" alt="Figure 9.1

Q72: Figure 9.1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3061/.jpg" alt="Figure 9.1

Q73: Figure 9.3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3061/.jpg" alt="Figure 9.3

Q74: The level of real GDP in the

Q75: Suppose the economy is at full employment