In the long run, an increase in government purchases of military equipment would cause output to ________ and the aggregate price level to ________.

A. fall; stay constant
B. fall; fall
C. stay constant; fall
D. stay constant; rise


Answer: D

Economics

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An increase in demand is represented by a

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The difference between the maximum amount consumers are willing and able to pay for each unit of a good and the amount consumers actually do pay is called:

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What will be an ideal response?

Economics