Author Question: In the classical model, what is the result of an increase in aggregate demand? A) The price level ... (Read 49 times)

fagboi · **on:** Jun 30, 2018

In the classical model, what is the result of an increase in aggregate demand?

A) The price level increases, and real GDP remains constant.
B) The price level decreases, and real GDP remains constant.
C) Real GDP increases, and the price level remains constant.
D) Real GDP decreases, and the price level remains constant.

Question 2

Which of the following pairs of goods is likely to be considered complements?

A) Nokia and Samsung cell phones B) Laptops and electric heaters
C) Motorcycles and typewriters D) Pens and writing pads