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11 Dec 2019
Suppose an economy is in long-run equilibrium. An increase in consumption expenditure will:
A) decreases both the price level and the real gross domestic product in the long run.
B) increase the price level in the long run but have no effect on real gross domestic product.
C) shift the short-run aggregate supply curve rightward and increase both the price and real output in the long run.
D) shift the aggregate demand curve rightward and increase the real output in the long run.
Suppose an economy is in long-run equilibrium. An increase in consumption expenditure will:
A) decreases both the price level and the real gross domestic product in the long run.
B) increase the price level in the long run but have no effect on real gross domestic product.
C) shift the short-run aggregate supply curve rightward and increase both the price and real output in the long run.
D) shift the aggregate demand curve rightward and increase the real output in the long run.
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Jean KeelingLv2
4 Mar 2020
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