In the above figure, the long-run equilibrium price and output are

Change in aggregate quantities of goods and services demanded at every price level

A. change in AD B. change in aggregate quantity of goods and services demanded C. determinant of aggregate demand D. revealed expenditure on aggregate demand

Which of the following provides the best information about the direction of the government's fiscal policy?

a. changes in the Fed's holdings of U.S. government securities b. changes in the reserve requirements of the Federal Reserve c. changes in the nation's trade balance d. changes in the size of the federal government's budget deficit or surplus