Question: If the short-run aggregate supply curve is horizontal, then changes in aggregate demand affect: A) prices but not level of output. B) level of
If the short-run aggregate supply curve is horizontal, then changes in aggregate demand affect: A) prices but not level of output. B) level of output but not prices. both prices and level of output. D) neither prices nor level of output. C)
Step by Step Solution
3.46 Rating (149 Votes )
There are 3 Steps involved in it
level of output but not prices th... View full answer
Get step-by-step solutions from verified subject matter experts
