Answered

Westonci.ca is the best place to get answers to your questions, provided by a community of experienced and knowledgeable experts. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

shifts in aggregate demand affect the price level in a. the short run but not in the long run. b. the long run but not in the short run. c. both the short and long run. d. neither the short nor long run.

Sagot :

Tundexi

A shifts in aggregate demand affect the price level in the both the short and long run. The Option C is correct

What are effects of a shift in aggregate demand?

Basically, an aggregate demand refers to the measurement of the total amount of demand for all finished goods and services produced in an economy. It is expressed as total amount of money exchanged for those goods and services at a specific price level and point in time.

In the short run, a shifts in aggregate demand cause fluctuations in the economy's output of goods and services. In the long run, shifts in aggregate demand affect the overall price level but do not affect output.

In conclusion, as the policymakers influence an aggregate demand, they can also potentially mitigate the severity of economic fluctuations.

Read more about aggregate demand

brainly.com/question/29556592

#SPJ1

Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.