If the current short-run equilibrium level of output is less than full-employment output,we can then expect that in the long run
A) the price level will fall.
B) the price level will rise.
C) aggregate demand will decrease.
D) aggregate demand will increase.
E) long-run aggregate supply will decrease.
Correct Answer:
Verified
Q113: Severe winter weather makes it difficult to
Q114: In 2013,the price of gas was $3.60
Q115: An increase in investment spending can be
Q116: The table identifies annual gross domestic product
Q117: Which of the following would cause an
Q119: A decrease in aggregate demand is harmful
Q120: Suppose interest rates increase from 1 percent
Q121: What happens to consumption spending when the
Q122: The table identifies annual gross domestic product
Q123: Explain and illustrate how the short-run and
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