Asked by
Culumanco Tshobonga
on Dec 17, 2024
Verified
Shifts in aggregate demand affect the price level in
A) the short run but not in the long run.
B) the long run but not in the short run.
C) both the short and long run.
D) neither the short nor long run.
Aggregate Demand
The total demand for all goods and services within an economy at various price levels, over a specific time period.
Price Level
A measure of the average prices of goods and services in an economy at a given time.
- Gain an understanding of how fiscal policy contributes to economic equilibrium through its role and mechanisms.
- Understand the role and influence of monetary policy within the economic framework.
Verified Answer
MG
Learning Objectives
- Gain an understanding of how fiscal policy contributes to economic equilibrium through its role and mechanisms.
- Understand the role and influence of monetary policy within the economic framework.