An increase in aggregate demand when the economy is operating at near full capacity is likely to result in: An increase in both output and the overall price level. O An increase in output but no increase in the overall price level. An increase in the overall price level but no increase in output. No increase in either output or the overall price level.
An increase in aggregate demand when the economy is operating at near full capacity is likely to result in: An increase in both output and the overall price level. O An increase in output but no increase in the overall price level. An increase in the overall price level but no increase in output. No increase in either output or the overall price level.
Chapter5: Introduction To Macroeconomics
Section: Chapter Questions
Problem 3.4P
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