An increase in aggregate demand has what outcome on price level and output with respect to long-run equilibrium?
a. real GDP will increase and price level will decrease
b. real GDP will decrease and price level will increase
c. real GDP will remain the same and price level will decrease
d. real GDP will remain the same and price level will increase
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Home » Business » An increase in aggregate demand has what outcome on price level and output with respect to long-run equilibrium? a. real GDP will increase and price level will decrease b. real GDP will decrease and price level will increase c.