If aggregate demand increases while aggregate supply is constant in an economy in the short run, which of the following statements is correct for the new equilibrium point? a) price goes down national income goes down B) price falls, national income rises NS) price goes up national income does not change D) price goes up national income goes down TO) price goes up national income goes up
If aggregate demand increases while aggregate supply is constant in an economy in the short run, which of the following statements is correct for the new equilibrium point? a) price goes down national income goes down B) price falls, national income rises NS) price goes up national income does not change D) price goes up national income goes down TO) price goes up national income goes up
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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