Using the vertical long-run aggregate supply curve, an increase in aggregate demand would have which of the following effects in the long run?

No change in aggregate output and a rise in the price level.

No change in aggregate output and a fall in the price level.

A decrease in aggregate output and a fall in the price level.

An increase in aggregate output and a rise in the price level.

Question

chloeroebuck2021 chloeroebuck2021

03-04-2022
Social Studies

Answered

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Using the vertical long-run aggregate supply curve, an increase in aggregate demand would have which of the following effects in the long run?

No change in aggregate output and a rise in the price level.

No change in aggregate output and a fall in the price level.

A decrease in aggregate output and a fall in the price level.

An increase in aggregate output and a rise in the price level.

Sagot :

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