Author Question: In the long run, a decrease in aggregate demand will lead to a(n): a. decrease in price and output ... (Read 46 times)

mrsjacobs44 · **on:** Jun 30, 2018

In the long run, a decrease in aggregate demand will lead to a(n):
a. decrease in price and output levels.
b. increase in price and output levels.
c. increase in the price level and a decrease in output.
d. decrease in the price level and an increase in output.
e. decrease in the price level and no change in output.

Question 2

The ultimate effect of a reduction in the money supply is:
a. a leftward shift of the aggregate demand curve.
b. a rightward shift of the short-run aggregate supply curve.
c. a movement upward along the aggregate demand curve.
d. a movement downward along the aggregate demand curve.
e. a movement upward along the short-run aggregate supply curve.