Personal disposable income is pre-tax income that flows directly to households

Satellite radio and MP3 devices are both new forms of competition for over-the-air radio broadcasting

Indicate whether the statement is true or false

In the long run, an increase in aggregate demand will lead to

A. A higher price level and an increase in real GDP. B. A decrease in real GDP. C. A higher price level only. D. An increase in real GDP only.