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29 Nov 2019
In the aggregate demand-aggregate supply model, an increase in government purchases of goods and services will
a. raise both the equilibrium price level and equilibrium output in the long run;
b. reduce both the equilibrium price level and equilibrium output in the short run;
c. raise equilibrium output but leave the equilibrium price level unaffected in the long run;
d. raise both the equilibrium price level and equilibrium output in the short run;
e. reduce the equilibrium price level but will leave equilibrium output unaffected in the short run.
In the aggregate demand-aggregate supply model, an increase in government purchases of goods and services will
a. | raise both the equilibrium price level and equilibrium output in the long run; | |
b. | reduce both the equilibrium price level and equilibrium output in the short run; | |
c. | raise equilibrium output but leave the equilibrium price level unaffected in the long run; | |
d. | raise both the equilibrium price level and equilibrium output in the short run; | |
e. | reduce the equilibrium price level but will leave equilibrium output unaffected in the short run. |
devsingh077Lv10
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