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Author Question: An increase in aggregate demand when the economy is operating at high levels of output is likely to result in (Read 73 times)

laurencescou

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on: Apr 19, 2019

Question 1

If the economy is operating way below capacity, an increase in aggregate demand causes a ________ change in the price level and ________ change in output.


◦ big; big
◦ big; small
◦ small; big
◦ small; small

Question 2

An increase in aggregate demand when the economy is operating at high levels of output is likely to result in


◦ a large increase in both output and the overall price level.
◦ an increase in the overall price level but little or no increase in output.
◦ an increase in output but little or no increase in the overall price level.
◦ little or no increase in either output or the overall price level.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by laurencescou on Apr 19, 2019

blakeserpa

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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laurencescou

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Reply 2 on: Apr 19, 2019
Thanks for the timely response, appreciate it

kishoreddi

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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