The long-run aggregate supply curve shows that by itself a permanent change in aggregate demand would lead to a long-run change Answer in the price level and output. in the price level, but not output. in output, but not the price level. in neither the price level nor output.
The long-run aggregate supply curve shows that by itself a permanent change in aggregate demand would lead to a long-run change Answer in the price level and output. in the price level, but not output. in output, but not the price level. in neither the price level nor output.
Chapter14: Aggregate Demand And Supply
Section: Chapter Questions
Problem 6SQP
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The long-run
Answer
in the price level and output.
in the price level, but not output.
in output, but not the price level.
in neither the price level nor output.
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