In the long run, an increase in consumer spending would cause output to ________ and the price level to ________.
a. stay constant; stay constant
b. stay constant; rise
c. rise; stay constant
d. rise; rise
Answer: B
In the long run, an increase in consumer spending would cause output to ________ and the price level to ________.
a. stay constant; stay constant
b. stay constant; rise
c. rise; stay constant
d. rise; rise
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.