Question: Question 1 8 ( 1 point ) In the long run, an increase in aggregate demand ( assuming no change in aggregate supply ) would
Question point
In the long run, an increase in aggregate demand assuming no change in aggregate supply would
increase the price level and leave real GDP unchanged
increase the price level and increase real GDP
decrease the price level and leave real GDP unchanged.
increase real GDP and leave the price level unchanged.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
