In the long run, an increase in AD will result in: Select one: a. increases in both the aggregate price level and the aggregate output level. b. no changes in the aggregate output level. c. no changes in the aggregate price level. d. increases in the aggregate price level but no changes in the aggregate output level.
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Step 1: An increase in aggregate demand (AD) means that there is an increase in the total demand for goods and services in an economy. Show more…
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