Which of the following statements about aggregate demand is correct?
A) In the short run, shifts in aggregate demand do not affect the overall price level and output
B) In the short run, shifts in aggregate demand affect the overall price level but do not affect output
C) In the long run, shifts in aggregate demand cause fluctuations in output
D) In the long run, shifts in aggregate demand affect the overall price level but do not affect output
Correct Answer:
Verified
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