Question: suppose a rise in consumer causes aggregate demand to increase, resulting in a short - run equilibrium that is above full employment output a .
suppose a rise in consumer causes aggregate demand to increase, resulting in a shortrun equilibrium that is above full employment output
a to counteract the upward pressure on price
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
