In the long run, what will happen when aggregate demand for goods and services increases unexpectedly?
A) prices will rise
B) employment will rise
C) output will rise
D) All of the above are correct.
Correct Answer:
Verified
Q83: The short-run aggregate supply curve will shift
Q84: In the long run, if aggregate demand
Q85: The Phillips Curve shows a tradeoff between
A)the
Q86: When unemployment is low, wages tend to
A)increase
Q87: In the long run, the Phillips curve
Q88: In the short run, the Phillips curve
Q89: With regards to the Phillips curve, the
Q90: Price expectations are a function of which
Q92: A short-run equilibrium of the economy
A)stabilizes price
Q93: Aggregate demand is the sum total of
A)consumption
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