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johnpaul92 johnpaul92
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8 years ago
For each outcome below, tell what type of shift must have taken place in either the aggregate demand curve or the long-run aggregate supply curve.
(a)   In the short run, the price level is unchanged and output rises.
(b)   In the long run, the price level declines and output is unchanged.
(c)   In the long run, the price level rises and output declines.
Textbook 
Macroeconomics

Macroeconomics


Edition: 8th
Authors:
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supamansupaman
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8 years ago
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johnpaul92 Author
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#2
8 years ago
Wow, you answered what I thought was impossible to answer, thank you!
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#3
8 years ago
Every little bit helps, right? Glad I solved your question
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