4. An increase in the aggregate demand for goods and services has a larger impact on output________and

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4. An increase in the aggregate demand for goods and services has a larger impact on output________and a larger impact on the price level________

a. in the short run, in the long run

b. in the long run, in the short run

c. in the short run, also in the short run

d. in the long run, also in the long run

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Principles Of Macroeconomics

ISBN: 9780176591977

7th Canadian Edition

Authors: N. Mankiw, Ronald Kneebone, Kenneth McKenzie

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