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topjm [15]
3 years ago
14

An increase in aggregate demand has what outcome on price level and output with respect to long-run equilibrium?

Business
2 answers:
DedPeter [7]3 years ago
4 0

Answer:

real GDP will remain the same and price level will increase

Explanation:

Neporo4naja [7]3 years ago
3 0

Answer:

real GDP will remain the same and price level will increase

Explanation:

Long-run equilibrium occurs at the intersection of the aggregate demand curve and the long-run aggregate supply curve. Because the long-run supply curve is vertical, output does not change. Therefore, when the aggregate demand curve shifts to the right, Real GDP will remain the same but price level will increase

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