In the long run, an increase in the aggregate price level:
A. doesn't change real output.
B. decreases real output.
C. increases real output.
D. increases spending.
A. doesn't change real output.
Economics
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Short-run equilibrium occurs at the intersection of
A) the SAS and AD curves. B) the SAS, LAS, and AD curves. C) the SAS and LAS curves. D) the LAS and AD curves.
Economics
A temporary decrease in government purchases in the classical model would
A) shift the production function to the left. B) shift the marginal product of labor curve to the right. C) shift the labor demand curve to the left. D) shift the labor supply curve to the left.
Economics