Question: Aggregate Demand and Aggregate Supply - End of Chapter Problem a . In the long run, a change in prices has no impact on output

Aggregate Demand and Aggregate Supply - End of Chapter Problem
a. In the long run, a change in prices has no impact on output as the economy gravitates toward its
Market prices adjust to ensure that the demand for labor, capital, and raw materials will be equal to the supply.
b. Aggregate demand is in determining output in the long run.
Aggregate Demand and Aggregate Supply - End of

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