Suppose the economu is operating at less than full employment. an increase in aggregate demand will result in: A. An increase in the general price level and perhaps an increase in the general price level B. A decrease in the general price level and perhaps a decrease in aggregate demand  C. An increase in aggregate output and perhaps a decrease in the general price level  D. An increase in the general price level and perhaps a decrease in aggregate output

Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter10: Dynamic Change, Economic Fluctuations, And The Ad-as Model
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Suppose the economu is operating at less than full employment. an increase in aggregate demand will result in:

A. An increase in the general price level and perhaps an increase in the general price level

B. A decrease in the general price level and perhaps a decrease in aggregate demand 

C. An increase in aggregate output and perhaps a decrease in the general price level 

D. An increase in the general price level and perhaps a decrease in aggregate output 

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