170,386 views
41 votes
41 votes
Using the vertical long-run aggregate supply curve, an increase in aggregate demand would have which of the following effects in the long run?

No change in aggregate output and a rise in the price level.

No change in aggregate output and a fall in the price level.

A decrease in aggregate output and a fall in the price level.

An increase in aggregate output and a rise in the price level.

User Hamza Usman Ghani
by
2.6k points

1 Answer

13 votes
13 votes
No change in aggregate output and a rise in the price level
User Vildric
by
2.9k points