According to classical economics, a decrease in aggregate demand causes the price level to _____________ in the long run. On the
other hand, an increase in aggregate demand causes the price level to _____________ in the long run. These changes occur because of _____________. a. increase; decrease; government intervention
b. increase; decrease; price flexibility
c. decrease; increase; government intervention
d. decrease; increase; price flexibility
Explanation: According to classical economics, a decrease in aggregate demand causes the price level to DECREASE in the long run. On the other hand, an increase in aggregate demand causes the price level to INCREASE in the long run. These changes occur because of PRICE FLEXIBILITY.
In a flexible market the forces of demand and supply determines the prices of commodities in the market.
As the demand Falls the prices also fall as the demand rises the prices of commodities also rises.
<h3>An economist would view a monopoly as not beneficial and optimal to society. A businessperson would view monopolies as a great idea to maximize profits due to the lack of competition</h3>
Explanation:
hope it's helps you if i am sorry if my answer is wrong
Explanation: 17 years old is not old enough to have a child. When a person is 57 years old, their child is likely to be around 17 or 18 years old, 40 years younger. Having a child at 40 years old is probably the oldest age out of the ages listed.
Step one investigate / question to figure out the problem. Step two once you figure out the problem brainstorm solutions \ enforce. Step three apply the solution in your work facility.
