Multiple Choice
If the economy is operating way below capacity, an increase in aggregate demand causes a ________ change in the price level and ________ change in output.
A) big; big
B) big; small
C) small; big
D) small; small
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q92: Refer to the information provided in Figure
Q93: To determine the price level and aggregate
Q94: Related to the Economics in Practice on
Q95: Long-run aggregate supply is equal to<br>A) short-run
Q96: A decrease in taxes on business investments
Q98: Decreasing government spending and and an oil
Q99: Refer to the information provided in Figure
Q100: The quantity of aggregate output demanded will
Q101: The change in consumption brought about by
Q102: 11.5 The Long-Run AS Curve<br>Refer to the