Multiple Choice
The effect of a shift in the aggregate demand curve due to an increase in consumer confidence will be:
A) an increase in both prices and output in the short run.
B) a decrease in prices only in the long run; output will remain the same.
C) a decrease in both prices and output in the short run.
D) an increase in output only in the long run; prices will remain the same.
Correct Answer:
Verified
Correct Answer:
Verified
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