Multiple Choice
In the classical model, a change in aggregate demand
A) causes a change in long-run real GDP but not in the price level.
B) causes a change in the price level but not in the long-run real GDP.
C) causes changes in both the long-run real GDP and in the price level.
D) has no effect on either real GDP or the price level.
Correct Answer:
Verified
Correct Answer:
Verified
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