Question
In the long run, the aggregate price level increases. This Select one: a.Is due to the short run AS curve shifting to the right and
In the long run, the aggregate price level increases. This
Select one:
a.Is due to the short run AS curve shifting to the right and the economy producing a level of aggregate output that is not equal to its potential output.
b.Is due to the AD curve shifting to the right.
c.Has no effect on the level of aggregate production in the economy.
d.Results in the economy moving to the level of production where aggregate output exceeds potential output.
e.Answers (a) and (c) are both correct.
f.Answers (b) and (c) are both correct.
g.Answers (c) and (d) are both correct.
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