According to the new classical approach, an increase in aggregate demand in the short run could lead to an increase in:
A) total output and the price level.
B) total output with no change in the price level.
C) the price level with no change in total output.
D) all of the above.

Question

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The Answer of According to the new classical approach, an increase in aggregate demand in the short run could lead to an increase in:
A) total output and the price level.
B) total output with no change in the price level.
C) the price level with no change in total output.
D) all of the above.

According to the New Classical Approach, an Increase in Aggregate