An increase in the aggregate demand for goods and services has a larger impact on output ________

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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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Essentials Of Economics

ISBN: 9780357723166

10th Edition

Authors: N. Gregory Mankiw

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Question Posted: Feb 26, 2024 03:01 AM

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An increase in the aggregate demand for goods and services has a larger impact on output ________

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The answer is b in the long run in the short run Heres why Shortrun vs longrun effects In the short ...View the full answer

Essentials Of Economics

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