An increase in aggregate demand in the long run will most likely result in:
a. a decrease in price and output levels
b. an increase in price and output levels.
c. an increase in the price level and a decrease in output.
d. a decrease in the price level and an increase in output.
e. an increase in the price level but no change in output.
e
Economics
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The demand curve for reserves is:
A) downward sloping. B) upward sloping. C) vertical. D) horizontal.
Economics
According to this Application, the federal government's assuming the debts of the state governments that had been incurred during the Revolutionary War was seen as a way to
A) force states to be dependant on the federal government. B) prevent rapid inflation. C) balance the federal budget. D) strengthen the federal government.
Economics