Question: An increase in aggregate demand when the economy is operating at high levels of output is likely to result in a large increase in both

An increase in aggregate demand when the economy is operating at high levels of output is likely to result in a large increase in both output and the overall price level O an increase in the overall price level but little or no increase in output O an increase in output but little or no increase in the overall price level little or no increase in either output or the overall price level

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