Changes in aggregate output in the short run are caused primarily by:
A) demand factors.
B) population growth.
C) capital accumulation.
D) supply factors.
E) technology.

Question

Quizplus · Accepted Answer

In the short run, changes in aggregate output are mainly due to changes in demand factors such as consumer spending, investment, and government spending. Population growth, capital accumulation, and technology have a more long-term impact on aggregate output.

Changes in Aggregate Output in the Short Run Are Caused