A decrease in aggregate demand in the short run will reduce
A) both real output and the price level.
B) the price level and increase the real domestic output.
C) the real domestic output and have no effect on the price level.
D) the price level and have no effect on real domestic output.
Correct Answer:
Verified
Q243: Q244: If at a particular price level, real Q245: The economy experiences a decrease in the Q246: Inflation tends to Q247: Q249: Real Domestic Output Real Domestic Output Demanded Q250: Q251: The economy experiences an increase in the Q252: A decrease in aggregate supply means Q253: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A) increase productivity.
B) decrease input
A) both
